Private Markets in Portfolio Construction
Evaluate private-market opportunities alongside public assets through a unified framework for liquidity, risk, return, and diversification.
Stop Buying Real Assets For Diversification Alone
Real Assets remain underweight in investor portfolios, a gap the 2020s bond bear market has exposed. We provide specifics on constructing a portfolio that supplies more than diversification, it delive…
What's Actually New About The Total Portfolio Approach
High-profile adoptions of the Total Portfolio Approach (TPA) and the often-cited outperformance of TPA funds have generated FOMO among funds following an SAA framework. Buzzwords and vague rulesets fr…
India: Time To Upgrade, Public And Private Markets
BCA's CoreMacro and Portfolio Construction teams combine two distinct but intersecting lenses to revisit a once heralded opportunity: India. We upgrade India across both public and private markets, bu…
Private Credit’s Doomsday
Today's concerns about Private Credit are overstated. We provide our three-criteria framework that investors can use to track Private Credit's doomsday risk. Systemic crises build over years and decad…
Quarterly TAA: Back From The Dead – Overweight Private Equity
Beginning with this Quarterly report, The Global Asset Allocation and Private Markets teams are combining our quarterly outlooks into a single, unified framework, reflecting a more integrated approach…
The AI Hedge Nobody Sees Coming
AI dominates markets, but concentration is risk. Real Estate is the diversifier. It outperformed during the Dot-Com bust and will do so again if the AI trade unwinds. Even Office, the sector arguably…
