Interview - Iveagh Stresses Timeless Wisdom Of Diversification, Takes Stake In New Firm

Tom Burroughes

24 September 2010

Iveagh Private Investment House, which oversees the wealth of Ireland’s Guinness family dynasty, urges investors to diversify assets widely and also retain the freedom to rapidly shift in the short run to cope with current economic uncertainty, one of its senior partners has said.

The financial pages are full of comments on a possible “double-dip recession”, fears of inflation and deflation, and, on the other hand, the still-buoyant outlook for regions such as Asia. Investors do not know which way to turn - there is no sense in trying to position for a clear market trend, Cambiz Alikhani told WealthBriefing in a recent interview.

“There are a lot of undercurrents right now that are troublesome. It does not feel as though every issue has been dealt with,” said, speaking from his firm’s offices in St James’s, central London.

“The family’s own asset allocation process.”

Time will clearly tell if his approach to investment pays off.