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Complementarity and substitutability of investment strategies | Synapse
March 3, 2026
Open Access
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Complementarity and substitutability of investment strategies
ND
Nikolay Doskov
Molecular Partners (Switzerland)
TH
Thorsten Hens
University of Lucerne
RA
Rabah Amir
University of Iowa
Key Points
Complementarity in investment strategies enhances overall portfolio performance, suggesting a synergistic effect.
Substitutability allows for flexible strategy adjustments, helping to manage risk and optimize returns.
Using a risk assessment model, this analysis explores interactions between various investment approaches.
Findings may influence how investors construct their portfolios, highlighting the need for diverse strategy integration.
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Doskov et al. (Fri,) studied this question.
synapsesocial.com/papers/69a76781badf0bb9e87e1325
https://doi.org/https://doi.org/10.1007/s00191-025-00922-9
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