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In this piece, we examine their performance as well as challenges that investors who allocate to concentrated strategies may face when they assume the task of diversification from external managers.</div><a href=/investment-insights/equities/concentrated-equity-practice-versus-premise class=super__btn aria-label="Read More about Concentrated Equity: Practice Versus Premise"><span class="btn btn--block">Read More</span></a> <img class=super__img role=presentation alt="" src="/-/media/images/articles/thumbnails/building-untitled-1-01.png?h=567&amp;w=753&amp;hash=5A206A94EA2640AB63EFB5E82CF5628B" width=960 height=540></div><div class=insight__card><h3 class=insight__card-heading><a href=/investment-insights/geopolitics-and-macro/measuring-macro-event-risks-to-active-equity-portfolios class=insight__card-link>Measuring Macro Event Risks to Active Equity Portfolios</a></h3><p class=insight__card-copy>The U.S. election cycle offers a timely reminder of the risk that macro events can pose to active equity strategies. In our latest thematic research, we explore how investors can measure and inform management of macro event-related risks using &#39;winner-loser&#39; baskets published by sell-side analysts and other subject-matter experts.</div><div class=insight__card><h3 class=insight__card-heading><a href=/investment-insights/systematic-methods/the-systematic-multi-strategy-hedge-fund class=insight__card-link>The Systematic Multi-Strategy Hedge Fund: A Better Alternative?</a></h3><p class=insight__card-copy>As we outline in this piece, a systematic multi-strategy hedge fund contains a diversified collection of exposures across asset classes and helps mitigate the risks associated with crowded positions and themes.</div><div class=insight__card><h3 class=insight__card-heading><a href=/investment-insights/systematic-methods/generative-ai-in-systematic-investing-the-sizzle-and-the-steak class=insight__card-link>Generative AI in Systematic Investing: The Sizzle and the Steak</a></h3><p class=insight__card-copy>As the adoption of generative AI booms, we explore its origins, scope of implications, and practical limitations – particularly as applied to an investment context.</div></div></section> </main> <!-- FOOTER--> <footer class="footer"> <div class="footer__container"> <a href="/" class="footer__logo"> <img src="/-/media/images/footer/logo-acadian-footer.svg?as=0&amp;h=70&amp;iar=0&amp;w=141&amp;hash=B7AE86EB0449C669DF1BC405DDB9C92B" width="141" height="70" alt="Acadian Footer Logoa" loading="lazy"> </a> <div class=footer__links-wrapper><ul class=footer-links__items><li class=footer-links__item><a class="link link--dark link--small" href="https://adviserinfo.sec.gov/"> Compliance </a><li class=footer-links__item><a class="link link--dark link--small" href=/privacy-policy> Privacy Policy </a><li class=footer-links__item><a class="link link--dark link--small" href=/legal-disclosures-and-terms> Legal Disclosures and Terms </a><li class=footer-links__item><a class="link link--dark link--small" href=/fraud-alert> Fraud Alert </a></ul></div> <div class="footer__copyright"> <p class="footer__copyright-text">&#169; Copyright 2024 Acadian Asset Management LLC. 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