Episode 327 - Building Better Portfolios with Don Calcagni

Oct 17, 2024

Don Calcagni, Chief Investment Officer at Mercer Advisors, brings his wealth management expertise to the conversation. He discusses the scientific foundations of portfolio construction and the critical role of fiduciary principles in managing assets for thousands of families. Don explores the importance of advisor-client compatibility and the evolving landscape of asset management. He delves into diverse investment strategies, including factor investing, and shares insights from a recent summit on governance in the industry. Tune in for a captivating look at modern wealth management!

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INSIGHT

Mercer Advisors' Portfolio Construction

Mercer Advisors constructs portfolios based on a client's financial plan and diversifies across global asset classes.
They use a factor-based approach, tilting towards value, momentum, and profitability, primarily using low-cost solutions.

ANECDOTE

Building Better Portfolio Summit

Don Calcagni describes the Building Better Portfolio Summit, where Mercer Advisors invites leading asset managers and academics to review their portfolios.
The summit involves presentations, discussions, and a 'Hunger Games' style analysis of Mercer's strategies.

INSIGHT

Governance Structures of Asset Managers

A key takeaway from the recent summit was the diversity in governance structures among large asset managers.
Some are product-focused, while others prioritize investment philosophy, highlighting the influence of business philosophies on investment decisions.

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