Ashvin Chhabra, chief investment officer at the Institute for Advanced Study, is well known for his seminal 2005 article “Beyond Markowitz: A Comprehensive Wealth Allocation Framework for Individual Investors,” in which he reframed asset allocation through the lens of risk allocation while building on the central tenets of Modern Portfolio Theory and behavioral finance.

Speaking yesterday at the 65th CFA Institute Annual Conference in Chicago, Chhabra reminded the audience that “asset allocation is a form of risk allocation.” He proposed a goals-based risk allocation framework for unstable markets as “a different way” to construct portfolios and understand markets.

Read more on the Annual Conference blog →