Multi-Asset Investing

Over the last fifteen years, the authors of Multi-Asset Investing have combined their individual skills in asset allocation, financial mathematics and portfolio management to innovate and implement original solutions to practical problems inherent in managing large pools of assets invested across global asset classes. Multi-Asset Investing critically evaluates traditional investment management practices and proposes a fresh approach with a proven framework for managing global multi-asset portfolios. Asset allocation functionally accounts for a majority of a portfolio's total return, but most of today's investment industry is focused on the smaller amount related to security selection. This forward-thinking guidebook proposes a redesign of the traditional plan sponsor allocation process into a multi-strategy framework, implemented using a range of approaches to reduce risk and increase diversification. It goes in-depth into two tested processes which the authors have used for allocating assets, together with unique approaches to multi-asset portfolio construction and the management of intra-horizon tail risk. Every tool and technique inside has been used by the authors in professional practice and has proven to be useful. Multi-Asset Investing is an authoritative guide to the most sought-after investment product today and in the future.