Rebalancing Reset: A New Approach in a New World of Institutional Investing
March 10, 2009
Rebalancing is a well-known portfolio management strategy; however, like all strategies, its effectiveness depends on the accuracy of underlying drivers and assumptions. For most institutional investors, rebalancing instructions are defined in the Investment Policy Statement (IPS) and they are implemented based on strategic allocation weights or "targets".
Rebalancing Reset: A New Approach in a New World of Institutional Investing (PDF)