A practitioner-led discussion on building portfolios that perform when diversification fails.
In 2008, equities and credit fell together. In 2022, bonds and stocks declined in lockstep for the first time in a generation. In a genuine crisis, correlations converge to one. Passive capital continues to concentrate into the same trades, the same names, the same structures. The illusion of diversification is everywhere - the reality of correlation is visible only in the drawdown.
This breakfast brings together practitioners who think differently about what protection actually means - across strategy, jurisdiction, and conviction. No theory. Only frameworks built for the moment everything moves at once.