Eileen K. Murray

Morgan Stanley Wealth Management is an American multinational financial services corporation specializing in retail brokerage. It is a joint venture between Morgan Stanley and Citigroup.

Bridgewater structures portfolios in a manner designed to produce consistent and uncorrelated returns. They believe that building portfolios based on risk allocations is more effective than using capital allocations; and those investors should consider their strategic asset allocation (beta) separate from tactical moves (alpha). The firm also believes investors can improve their portfolios’ overall results by separately creating a well-diversified beta portfolio that is balanced against environmental biases and calibrated to one's targeted returns, and a well-diversified alpha portfolio that reduces systematic biases (and also calibrated to one's targeted returns). Bridgewater applies this approach to investing across the portfolios it manages. The firm offers an active management strategy (Pure Alpha), a constrained active management strategy that invests in a subset of the markets in which Pure Alpha invests (Pure Alpha Major Markets), an asset allocation strategy (All Weather), and an investment strategy which applies its best understanding of how to combine All Weather with tailored active market views (Optimal Portfolio).

Duff provides as array of non-correlated investment products, both alpha and beta, in a way that maximizes the benefits of non-correlated diversification. The firm is an open architecture model that includes their own proprietary strategies as well as the services and capacity of leading external managers.Duff's products are skills-based alpha strategies that provide both attractive risk-adjusted returns and sustained low correlations to the broad asset classes of equities, fixed income and real assets.Exposures in each asset class include:Equity (Alpha: long/short, stat arbitrage, private equity)Fixed income (Alpha: fixed income arbitrage)Credit (Alpha: credit arbitrage, distressed)Currency (Alpha: global macro)Volatility (Alpha: convert arbitrage, long volatility)Commodities and other real assetsReal estate