The Allocation Agenda

Why Outdated Constraints Continue to Shape Trillions of Dollars in Large-Cap Assets


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With over two decades of experience in manager research and investment analysis, Gary Tom offers a detailed examination of the 1940 Investment Company Act’s diversified fund rule. He explains why outdated constraints continue to shape trillions of dollars in large-cap assets, explores the real costs associated with capping top holdings, and shares insights on how managers and asset owners can advocate for a non-diversified approach better suited to today’s market dynamics.

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The Allocation AgendaBy Dasseti