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.