Happy New Year!
To kick off the year, we want to share a white paper we penned mid-December containing our views on building a modern strategic asset allocation.
The white paper covers:
- Why we believe tailwinds from the last 30 years are turning into headwinds for traditionally allocated stock-bond portfolios.
- Why the normative optimal portfolio may not be the optimal achievable portfolio and the importance of accounting for behavioral biases exhibited by investors.
- How we think about blending active and passive investment approaches.
You can get a copy here.