Month: July 2017
A robust portfolio is better than an optimal one. Mitigating the risk of incorrect capital market assumptions is important in mean variance optimization.
For practitioners looking to implement tactical views in a coherent manner, Black-Litterman and Entropy Pooling may be attractive approaches.
We outline four important considerations that we believe can have an outsized impact on tactical asset allocation performance if ignored.
Most portfolio construction focuses on the trade-off of risk and return, but growth optimal portfolios may be better suited for wealth maximization.
Building an Unconstrained Sleeve
By Corey Hoffstein
On July 31, 2017