March 04, 2025

Rethinking Portfolio Diversification with Phil Huber

1 hour 12 minutes

In this episode of Money & Meaning, host Jeff Bernier welcomes Phil Huber, Managing Director and Head of Portfolio Solutions at Cliffwater. Phil is also the author of The Allocator’s Edge, a modern guide to alternative investments and portfolio diversification. They discuss the evolving role of alternative investments, the challenges facing traditional 60/40 portfolios, and how private markets and new fund structures are reshaping opportunities for financial advisors and individual investors. This episode is essential listening for those looking to build more resilient, well-diversified investment strategies.

Topics covered:

Phil Huber’s background and career journey in wealth management and alternative investing

The definition and misconceptions of alternative investments

The rise of private credit, private equity, and interval funds

Why liquidity matters and how it impacts returns

Challenges of the traditional 60/40 portfolio in today’s market environment

The role of private markets in retirement income planning

How rising bond yields affect portfolio allocation decisions

Key considerations for investors exploring alternative investments

Useful Links:

Jeff Bernier on LinkedIn: https://www.linkedin.com/posts/jeffberniercfp_the-money-and-meaning-show-activity-7202103509700227072-h0Qn/

Phil Huber on LinkedIn: https://www.linkedin.com/in/phil-huber