The second ploy was called Offshore Portfolio Investment Strategy, or OPIS. It was pretty similar to FLIP.

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Wayne Lin, portfolio manager and investment strategy analyst for Legg Mason (LM) Global Asset Allocation, says investors should watch the election carefully and manage their portfolios accordingly.

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In other words, Modern Portfolio Theory as an investment strategy is fundamentally incomplete.

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In fact the current investment strategy has yielded a portfolio expected to have 10 percent less volatility over time.

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The move is part of BP's strategy to "fine tune" its portfolio and "deepen its investment in fields which have long term potential".

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