Subject: Re: Beating the market
If you were required, for whatever perverse reason, to maintain a 70/30 portfolio in which the 30 is something other than equities, what would it be?

Ummmm....odd question.

How about junk bonds/distressed debt?

From time to time I was able to buy some real juicy stuff like JEF bonds a couple of years ago at ~11%, LVLT bonds after the dot com bubble crashed etc.
Perhaps even an Oaktree fund if you can't do it yourself?