Robert  Hayes

Robert Hayes

Robert Hayes is managing director and head of fund manager BlackRock’s strategic advice and solutions team. He mainly works on advising and educating institutional investors on investment strategies, with a particular focus on liability-driven investment.

He initially joined Merrill Lynch Investment Managers in 2001 as a relationship manager for large institutional clients, which merged in 2006 with BlackRock. Previously he was a partner with Watson Wyatt Partners, UK Equity Investment Manager at ICI Pension Fund, and head of institutional investment at M&G Investment Management.

 

 

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Is diversification dead?

Robert Hayes discusses whether diversification really offers any protection to charity portfolios in the event of a generalised market downturn. Most charity trustees are familiar with the concept of diversification. However, beyond the basic mantra of it being the only free lunch in investment and not putting all your eggs in one basket, there is often less clarity on the true meaning of the concept and the best way to achieve it. The recent market dislocation, where virtually every asset class seems to have been sold indiscriminately, has raised further questions in many investors' minds.

Charities and risk

Appetites, efficiency and fuzzy frontiers: the meaning of risk in the context of a charity

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