Authored by: André Abrantes

Policy Benchmarking: A Guide to Best Practices

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Policy benchmarking is a critical component of building and managing a successful investment program. In this paper we set out our comprehensive benchmarking framework and then zero in on the policy benchmark as the primary reference point for evaluating investment decisions.

Sharpening Your Beta: Understanding Risk Parity

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Executive Summary Risk parity comprises strategies whose goal is to define a more “efficient” mix of assets that is more diversified across the risks caused by different asset classes and economic environments, and that yields a higher Sharpe ratio than more traditional approaches. In practice, risk parity aims to achieve this by balancing the volatility…