This 2009 survey-based study describes how large global funds manage investment risk from strategy to implementation. In total, fifty-eight funds with assets aggregating to almost U$2 trillion participated in the survey. Almost all large funds (over U$25 billion) use some form of risk budgeting,...

Researchers have traditionally assumed that theportfolio allocation patterns of the wealthy are simply a scaled-up version ofthe average household's portfolio; however, data on the wealthy, particularlythe 1962-63 Survey of Financial Characteristics of the Consumers and the 1983Survey of...