Is asset allocation a new approach?
No, leading pension funds, endowments and family offices have diversified into alternative investments for several decades. Canada Pension Plan, Ontario Teachers’ Pension Plan, Ontario Municipal Employees Retirement System, and many other provincial pension funds hold, and in most cases are increasing their exposure to alternative investments to meet plan requirements. An example of the Harvard Endowment Fund is illustrated below. The Alitis approach is very similar to these top-performing endowment funds.