RT Journal Article SR Electronic T1 Practical Applications of Hobbled by Benchmarks JF Practical Applications FD Institutional Investor Journals SP 1 OP 5 DO 10.3905/pa.6.1.280 VO 6 IS 1 A1 Mike Aked A1 Rob Arnott A1 Omid Shakernia A1 Jonathan Treussard YR 2018 UL https://pm-research.com/content/6/1/1.14.abstract AB The 60/40 domestic stock/bond benchmark is still the mainstay of many U.S. corporate pension fund policy portfolios. In Hobbled by Benchmarks, published in the special 2018 multi-asset issue of The Journal of Portfolio Management, authors Mike Aked, Rob Arnott, Omid Shakernia and Jonathan Treussard argue that investors must rethink this paradigm due to the greater alpha generation potential available within a more diversified global multi-asset portfolio. They illustrate that potential by applying academically recognized risk factors in a long-only, multi-asset context.TOPICS: Retirement, portfolio construction