Our process begins with the Capital Asset Pricing Model (CAPM), which provides a foundation for evaluating risk, return, and correlation across asset classes. Using both historical analysis and forward-looking estimates, the committee establishes long-term ranges of exposure to each asset class. From there, the team tactically determines the precise targets based on the current economic and market environment.

Once targets are set, the Manager & Fund Research Team identifies and selects best-in-class managers or funds within each asset class, ensuring portfolios remain aligned with long-term objectives while adapting to evolving conditions.