Risk Budgeting: A Focus on a Pension Plan's Biggest Risks

January 29, 2010 / by NEPC

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With the widespread acceptance of modern portfolio theory by investors, asset-allocation decisions are often driven by the quest to select a portfolio that maximizes long-term risk-adjusted returns. The recent financial crisis, however, has intensified investors’ focus on  understanding the risks embedded in their portfolios.

Topics: Research


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