Portfolio diversification is one of the most fundamental concepts in investing. Diversification is a useful risk management tool employed to construct a portfolio in such a way that an investor is not overly exposed to any asset or risk.
How can real estate investors think about constructing a diversified portfolio in an efficient and cost-effective manner? Investors do not necessarily need to spread themselves thin in order to thrive in portfolio diversification.
In this podcast, Brian Biggs, CFA, Research Director of Grosvenor Americas, and Madeleine Roberts, Research Analyst of Grosvenor Americas, talk about how the city lens is a powerful tool for diversified portfolio construction. By selecting a relatively small set of cities based on their long-run total returns relationships with one another, investors can build a portfolio that offers relative stability in uncertain times.
Brian Biggs, CFA is the Research Director for Grosvenor Americas. He is responsible for helping set investment strategy, analyzing transactions, and thought leadership across their three deal functions. He also works collaboratively with Grosvenor’s global research team on thematic, cross-company projects. Brian joined Grosvenor in 2014, starting with the Group Holding Company in London before moving to Grosvenor Americas in 2018.
Prior to joining Grosvenor, Brian was a financial economist with Bloomberg and Europe Economics. Brian holds an MPhil from St. John’s College, University of Cambridge and a BA from Bradley University. He is also a CFA Charterholder.
Madeleine Roberts is the Research Analyst for Grosvenor Americas, providing economic and market analysis across Grosvenor deal functions and contributing to the organization’s thought leadership work.
Grosvenor Americas uses specialist property expertise and local knowledge of North American cities to craft thoughtfully designed properties that contribute to the vibrancy of the communities. Grosvenor’s “Living Cities” approach aligns commercial returns with social responsibility.
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