20. Many investment management clients split their assets among a number of managers. Two rationales for this

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20. Many investment management clients split their assets among a number of managers.

Two rationales for this approach have been described as "diversification of judgment" and "diversification ofstyle." Explain the meaning of these two terms.

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Investments

ISBN: 9788120321014

6th Edition

Authors: William F. Sharpe, Gordon J. Alexander, Jeffery V. Bailey

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