@article {Lee1, author = {Wai Lee}, editor = {Goyal, Gauri}, title = {Practical Applications of Constraints and Innovations for Pension Investment: The Cases of Risk Parity and Risk Premia Investing }, volume = {2}, number = {1}, pages = {1--4}, year = {2014}, doi = {10.3905/pa.2014.2.1.064}, publisher = {Institutional Investor Journals Umbrella}, abstract = {Constraints and Innovations for Pension Investment: The Cases of Risk Parity and Risk Premia Investing Wai Lee Institutional investors who look to risk parity and risk premia strategies as innovative solutions for diversification should take another look at the underlying rationale for the strategies.In Constraints and Innovations for Pension Investment: The Cases of Risk Parity and Risk Premia Investing , from the Spring 2014 issue of The Journal of Portfolio Management , Wai Lee cautions investors to step back and gain a better understanding of strategies. Lee, CIO and Director of Research at the Quantitative Investment Group of Neuberger Berman, says {\textquotedblleft}Risk parity and risk premia investing help us on the portfolio construction side. They don{\textquoteright}t present any new insights about investing, nor do they represent nonreplicable, new investment opportunities.{\textquotedblright}In this Practical Applications report, Lee walks investors through their options: What are the issues to implement? What are the variables to consider?TOPICS: Pension funds, analysis of individual factors/risk premia, volatility measures}, issn = {2329-0196}, URL = {https://pa.pm-research.com/content/2/1/1.14}, eprint = {https://pa.pm-research.com/content/2/1/1.14.full.pdf}, journal = {Practical Applications} }