The Case for NOT Making Room for Alternatives

Most advisors understand diversification.

The challenge isn’t what to own. It’s how to implement it without creating new problems.

Adding alternatives often means selling core exposures, introducing unfamiliar positions, and defending strategies that lag at the wrong time. In practice, that’s where diversification breaks down.

This case study explores a different approach. Instead of making room for diversifiers, what if you could stack them on top?

Download the paper to see how return stacking reframes portfolio construction—and why structure, not theory, is often the real constraint.

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