Philosophy

The most direct means of increasing returns is through managing Risk Allocation.

This has replaced Asset Allocation as the most effective means for managing investment portfolios.

Asset Allocation Risk Allocation
Static forecasts determine allocation. Continuous analysis based on Risk monitoring determines allocation.
Assets are predetermined percentages of the total portfolio. Asset percentages are continuously adjusted, based on volatilities, correlation and pace of change.
Differentiates by the composition of investments. Differentiates by how each investment behaves.
Typically passive to changing risk conditions as allocations are fixed. Adapts to changing market conditions and proactively adjusts in favorable as well as unfavorable scenarios.
Normally invests in bonds to reduce volatility. May default to cash in times of market stress.
Success is measured by performance relative to a benchmark. Success is measured by relative risk-adjusted returns.

Please see our Allocation page to learn more about CONCERT.

Please see our Research page to learn more about the tools we use.