After determining an appropriate asset allocation strategy, we work with clients to identify strategies within asset classes that can provide excess returns (net of fees) above a specified benchmark, subject to an acceptable level of risk (tracking error) and size, style, regional or quality biases.

We believe that active management can add significant value to institutional portfolios, but should primarily be employed in asset classes that offer the highest probability of success and can have a meaningful impact on total portfolio performance.

Our industry-leading risk budgeting capabilities gives our clients the ability to assess alternative portfolio structures (passive, enhanced index, active long-only, 130/30, and portable alpha), analyze the effects on the risk/return metrics, and optimize a portfolio structure to meet their specific goals and objectives.