Lisa M. Laird, CFA, is a principal and senior adviser at Hightree Advisors, LLC. She is a foundation trustee and is a former chief investment officer, investment committee member, board member, and investment consultant. Contact her at [email protected]
Portfolio Pi and Portfolio Eta are new decision metrics that connect investment objectives and risks.
Standard deviation fails to characterize risk in a way that matters to most investors.
Identifying investment objectives and achieving stakeholder buy-in is the critical first step in connecting these objectives to portfolio construction.
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