Commentary  What is Risk Parity and why should you care? Risk Parity is an investment strategy of the world’s largest hedge funds and many others. The estimates of how much money is in these strategies are anywhere from hundreds of billions to $1.5 trillion. So even if you don’t care about Risk Parity it can affect the overall market and your portfolio. What is Risk Parity? In the most basic version, it will take a generic 60/40 stock/bond portfolio and lever up the bond portion so the risk is equal or at “parity” with the more volatile stock portion. How Many of You Equal One Michael Jordan in Basketball? Say you were to play the basketball legend Michael Jordan of the Chicago Bulls in a one-on-one game of basketball, you’d probably lose (no offense). Now what if there were two of you, think you both could beat him? How about …