Defensive Moves
Dawn Alston Paige has a clear-cut philosophy for managing assets in uncertain times: go on the defensive. The co-founder of Durham, North Carolina-based Piedmont Investment Advisors, which manages $1 billion...
diversity
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Diversification Is Fundamental
The goal of diversification is to reduce risk, says Eric McKissack, CEO of Channing Capital Management, an investment management firm in Chicago. Volatility is limited, since not all asset classes, industries, or individual companies move up and down in value at the same time or at the same rate.