A good read perhaps……
Markets have entered a period of sustained geopolitical and economic uncertainty. For institutional investors, the question is no longer whether shocks will occur, but how to construct portfolios that remain resilient when they do.
A new report from the CPP Investments Insights Institute—Investing in Uncertain Times: Achieving Disciplined Flexibility in the Total Portfolio Approach—examines how disciplined flexibility is designed and implemented within a total-fund framework.
Drawing on CPP Investments’ experience as a pioneer of the Total Portfolio Approach, the paper explains how calibrated risk targets, centralized liquidity and leverage management, and a unified relative value approach help preserve optionality, avoid forced selling, and support long-horizon portfolio outcomes.
This is the first in a two-part series exploring how the Total Portfolio Approach works in practice. A second paper will examine ex-post decision evaluation and the role of benchmarks in sustaining disciplined flexibility over time.
You can read the full report here: Investing in Uncertain Times: Achieving Disciplined Flexibility in the Total Portfolio Approach.