One of the challenges facing a multi-asset investor is the wide range of asset classes you are required to cover and, critically, how to combine them into a total portfolio. A key requirement for success is the ability to not only find the best assets to provide returns, but also the amount and composition of hedges to complement those exposures through the tough times. Sometimes, we come across aberrations like the current relationship between stock and bond prices which make our lives as multi-asset investors a little easier.