You work for London Hedge Fund, an investment fund that specialises in all aspects of financial investment. Your fund currently holds a well$-$diversified portfolio of equities within the UK$.$ The fund management is considering of developing a new product with an improved diversification of their existing portfolio.

You are asked to search and suggest the appropriate diversification strategy and portfolio $($hint: the use of relevant graphs is essential here$).$

Your manager requires you to write a report consisting of a summarry and critically discuss your recommendations and empirical findings. Your manager sets very high standards and expects a professional $($yet concise$)$ report that he can present to the fund$$s board of directors