PT - JOURNAL ARTICLE AU - Mike Aked AU - Rob Arnott AU - Omid Shakernia AU - Jonathan Treussard TI - Practical Applications of Hobbled by Benchmarks AID - 10.3905/pa.6.1.280 DP - 2018 Jul 31 TA - Practical Applications PG - 1--5 VI - 6 IP - 1 4099 - https://pm-research.com/content/6/1/1.14.short 4100 - https://pm-research.com/content/6/1/1.14.full AB - The 60/40 domestic stock/bond benchmark is still the mainstay of many U.S. corporate pension fund policy portfolios. In Hobbled by Benchmarks, published in the special 2018 multi-asset issue of The Journal of Portfolio Management, authors Mike Aked, Rob Arnott, Omid Shakernia and Jonathan Treussard argue that investors must rethink this paradigm due to the greater alpha generation potential available within a more diversified global multi-asset portfolio. They illustrate that potential by applying academically recognized risk factors in a long-only, multi-asset context.TOPICS: Retirement, portfolio construction