Episode 2
How should long-term investors think about diversification in an uncertain market? Commonfund's Chief Investment Strategist Kris Kwait joins host Anita Hariton to review the latest macro dashboard, where global growth prospects are improving, inflation remains above the Fed's two percent target, and employment is showing early signs of softening. Kris explains why the consumer's resilience surprised markets in 2023, and why Commonfund expects the breadth of equity market leadership to broaden in 2024 — particularly in small and mid cap stocks. The episode dives deep into how Commonfund structures portfolio diversification across three sources: inflation protection through real assets, deflation protection through bonds and credit, and uncorrelated returns through hedge funds.