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Quantitative Finance

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    $\begingroup$ A significant difference to classic SAA is a focus on risk factors, not asset classes ("capital competition instead of silo thinking"). Also, institutional changes with more flexibility and power to the CIO and an integrated investment team ("one fund culture"). Whilst there is room to respond if CMAs need updating, it's not fast-paced momentum trading as in TAA (esp with non-public asset classes). $\endgroup$ Commented Aug 14 at 12:59
  • $\begingroup$ I've worked in a SWF and this is correct. I didn't work in the portfolio optimization department, but perhaps you can provide some references to the articles you've read? $\endgroup$ Commented Aug 19 at 14:42
  • $\begingroup$ @KaiSqDist I saw this on Pensions&Investments. Here is a link: pionline.com/pension-funds/… $\endgroup$ Commented Aug 19 at 23:24