Since the emergence of “Modern Portfolio Theory” and the “Capital Asset Pricing Model” in the late 1960s, institutional investors have taken a quantitatively driven approach to portfolio construction, looking to create portfolio diversification and obtain better risk-adjusted returns by balancing their asset-class exposures. This journey has seen several important advancements in thinking about how to optimally achieve desired results.
Funds that want to take the total portfolio approach first need to get the total portfolio view. To do that they not only need data – and lots of it – but a rock-solid understanding of exactly how they’re going to use it.
Calligeris returns with role at Zurich
Pictured: Emmanuel Calligeris
Emmanuel Calligeris, the former CIO of ANZ Global Wealth and the Optimix multi-manager fund, is to join Zurich in an asset allocation role.
Calligeris headed up Otimix under several owners for nearly 20 years before leaving ANZ’s OnePath business in February this year. His departure followed the integration of the management of the $10 billion fund with other ANZ investment operations.
Optimix was sold by UBS Global Asset Management to ANZ in February 2012. It had been purchased only a year earlier as part of ING Investment Management.
