About the Author
Holly H. MacDonald
Chief Investment Officer
Holly is responsible for overseeing the firm’s investment research, asset allocation, and portfolio management. She is a member of the firm’s Management Committee
Insights Adjusting Exposures While Maintaining Similar Risk Profiles
Mar 25, 2020
Highlights
- Monetary policy developments to contain the fallout from the crisis have been swift and comprehensive; fiscal policy actions in the U.S. are shaping up to be equally dramatic.
- We are maintaining the overall moderately defensive risk profiles in portfolios but recommend adjusting exposures to emphasize higher-conviction equity strategies.
- We also advise aligning portfolios with updated asset allocation targets; Bessemer mandates have taken advantage of loss harvesting opportunities.