Moving Beyond Yale and Harvard: New Thinking in Asset Allocation

It is widely accepted that asset allocation is the most important investment decision for a portfolio yet, in recent years, many Chief Investment Officers at large institutions are questioning the mainstream asset allocation frameworks. These CIOs recognize that investment portfolios today face an elevated risk of bad investment outcomes, but existing frameworks may not be helpful to avoid big losses without lowering expected portfolio returns. In this session, two experienced institutional CIOs will discuss and review multiple approaches to making investment allocation decisions, including those developed by Yale and Harvard, and present a new, more dynamic asset allocation approach.