Rethinking diversification beyond the traditional 60/40.
A conceptual framework for viewing portfolios through underlying risk drivers—from growth and inflation to liquidity and policy—rather than only through asset class labels.
View article layoutResearch & Insights
Thoughts on markets, risk, and allocation.
Our research team publishes regular insights on markets, risk management, portfolio construction, and investment strategy. Explore our latest commentary and analysis.
Filter by topic
Select a topic to filter research articles by category.
Navigating crowded trades in value and quality factors.
Why understanding capacity, implementation costs, and crowding is just as important as defining the signals themselves in systematic equity portfolios.
View article layoutDrawdowns, path dependency, and investor behavior.
A qualitative discussion of why the sequence of returns matters for real-world investors, and how this interacts with rebalancing and policy portfolio design.
View article layoutThinking in regimes: inflation, growth, and asset behavior.
An overview of how different combinations of inflation and growth tend to impact the relative performance of equities, bonds, and alternative risk premia.
View article layoutOur Approach
Rigorous research methodology
Our research process combines quantitative analysis, market insights, and institutional experience to deliver actionable perspectives on markets, risk, and portfolio construction.
01
Data Collection & Analysis
Comprehensive gathering of market data, economic indicators, and proprietary signals to inform our research framework.
02
Hypothesis Development
Formulating testable hypotheses based on market observations, academic research, and practical investment experience.
03
Validation & Application
Rigorous testing and validation before translating insights into actionable investment strategies and portfolio recommendations.
Research focus areas
Our research spans multiple dimensions of investment management, from macro-economic analysis to factor-based equity strategies and risk management frameworks.
Multi-Asset Allocation
Exploring optimal portfolio construction across equities, bonds, and alternative risk premia in different market regimes.
- Risk-based diversification
- Regime-aware strategies
- Dynamic allocation frameworks
Equity Factors
Deep analysis of value, quality, momentum, and other systematic factors that drive long-term equity returns.
- Factor construction & signals
- Capacity and crowding analysis
- Implementation considerations
Risk Management
Developing frameworks for understanding, measuring, and managing portfolio risk across different market conditions.
- Drawdown analysis
- Tail risk mitigation
- Behavioral risk factors
Research Impact
From insights to implementation
Our research directly informs portfolio construction, risk management, and strategic decision-making across all investment strategies.
Portfolio Construction
Research insights guide asset allocation, factor tilts, and security selection across our fund strategies.
Risk Management
Our risk frameworks are continuously refined based on research findings and market observations.
Client Communication
Research helps us explain investment decisions and market perspectives to institutional clients and stakeholders.
Continuous Improvement
Ongoing research ensures our strategies evolve with changing market conditions and new insights.