News: Investment Spotlight - Conglomerates discount diversity.

From: Pensions Management | Date: March 1, 2007 | Copyright information

Byline: Frances Hudson

Conglomerates find little favour with equity fund managers. However, their form is still relevant, especially in emerging markets. We have examined the justification for such a stance and how a business structure that has adapted to a range of business cycles and markets has performed.

The case supporting conglomerate structures is often presented as a simple choice offering a spread of risk and diversified revenues. There are also arg...

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