Multi-Asset Solutions Team
The team is underpinned by a consistent investment philosophy and process, which combines its strong heritage in quantitative investing with skillful portfolio design, dynamic allocation, and tactical tilts to achieve client objectives.
Laser focused on investor outcomes
Competitive advantages
Advanced portfolio construction
The team uses proprietary risk-based portfolio construction techniques that are transparent, diversified, efficient, and robust.
Tactical asset allocation (TAA)
The team is one of the longest-tenured global TAA managers, with a proven track record of adding value for clients since 1980.
Downside risk management
Innovative risk management strategies since 2015 have helped preserve capital while considering cost, consistency, and reactivity.
Explore our latest views
Wai Lee’s approach to solving investment challenges is embedded in his three principles of research. It all started with engineering school and a Mercedes-Benz V-6 engine.
Macro Matters provides a concise, comprehensive look at macroeconomic themes that matter to clients.
With a robust U.S. economy, above-target inflation, and continued tariff uncertainty, the FOMC kept its key interest rate at 4.25–4.50%.
Macro Matters provides a concise, comprehensive look at macroeconomic themes that matter to clients.
While uncertainty dominates global markets, the path ahead could reveal opportunities in fixed income, equities, and active management for strategic investors.
With ongoing tariff uncertainty and U.S. employment still strong, the Fed kept its key interest rate at 4.25–4.50%.
Learn how central banks staying put is driving market trends and potentially reshaping investment strategies in 2025.
Amid uncertainty around tariffs and their impact on U.S. growth and inflation, the Federal Reserve held its key interest rate at 4.25–4.50%. We explain what may lie ahead.
Macro Matters provides a concise, comprehensive look at macroeconomic themes that matter to clients.
Macro Matters provides a concise, comprehensive look at macroeconomic themes that matter to clients.
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Tariffs: A New NormalPresident Trump announced specific details on the administration’s intended trade policy, including a baseline tariff as well as reciprocal tariffs on specific countries. Uncertainty lies ahead as global markets digest the prospects.
At its March meeting today, the Fed kept the federal funds rate at 4.25–4.50% amid concerns around tariffs and their potential impact on U.S. growth and inflation.
Macro Matters provides a concise, comprehensive look at macroeconomic themes that matter to clients.
At its January meeting today, the Fed kept the federal funds rate steady at 4.25–4.50%. As the new administration begins implementing its fiscal policy plans, we expect the Fed will remain cautious in monitoring inflation.
Macro Matters provides a concise, comprehensive look at macroeconomic themes that matter to clients.
Today, as expected, the FOMC announced a cut of 25 basis points in the federal funds rate, lowering it to 4.25%–4.50%. From here, the interest rate path is less clear.
In our 2025 Outlook, we discuss three macro themes we expect in 2025 and nine of our portfolio managers reveal top opportunities they anticipate and their positioning to potentially benefit.
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Fed Cuts: One Slice at a TimeAs expected, the FOMC today announced a cut of 25 basis points in the federal funds rate, lowering the rate to 4.50%–4.75%. U.S. election results suggest we could see looser fiscal policy and new trade tariffs ahead, which might lift growth as well as inflation.
Macro Matters provides a concise, comprehensive look at macroeconomic themes that matter to clients.
