A Flexible Framework for a New Investment Era
In 2025, CAIA will deepen its efforts to demystify TPA, refine its practical applications, and address how it differs from traditional portfolio construction strategies. To learn more about TPA and CAIA’s contribution to the conversation, visit our TPA Hub.
Reports
OCT 2025
From Vision to Execution: How Investors Are Operationalizing the Total Portfolio Approach
Markets are converging, regimes are shifting, and the pressure to deliver more with less is rising. What makes this report different is not the framework itself, but the lived stories of those implementing it.
MAR 2024
Innovation Unleashed: The Rise of Total Portfolio Approach
Total Portfolio Approach (TPA) allows for opportunism – investing with a mindset of what is the best investment right now for the overall portfolio, while maintaining allegiance to the portfolio risk budget.
Blogs
NOV 2025
Experimentation, Factors, and Commitment: CPP Investment’s Journey Towards TPA
By Geoffrey Rubin, PhD, Senior Managing Director, One Fund Strategist at CPP Investments
OCT 2025
No Sacred Cows: New Zealand Super’s Journey Towards TPA
By Charles Hyde, PhD, Head of Asset Allocation, New Zealand Superannuation Fund
OCT 2025
Rules of the Game: Tactical Asset Allocation vs. Competition for Capital
By Aaron Filbeck, CAIA, CFA, CFP®, CIPM, FDP, Managing Director, Content & Community Strategy at CAIA Association
JUL 2025
A Blueprint for Total Portfolio Allocation with Private Assets
By Dhruv Sharma, PhD, Executive Director, Multi-Asset Research at MSCI
DEC 2024
Rethinking Portfolio Objectives for Institutional Investors
By Steve Novakovic, CAIA, CFA, Managing Director of Educational Programming, CAIA Association
MAR 2024
Next is Here: The Rise of Total Portfolio Approach
By John L. Bowman, CFA, CEO, CAIA Association.
Newsletters
Podcasts
Capital Decanted
Season 1 Episode 9: Total Portfolio Approach: An Unexpected Journey with Ben Samild and Jayne Bok (March 2024)
Capital Decanted
Season 3 Episode 3: Total Portfolio Approach, Part 2 – Implications for the Broader Investment Ecosystem (December 2025)
Alternative Allocations with
Tony Davidow
Total Portfolio Approach (April 2025)
Videos
CAIA ASSOCIATION
CAIA Explores Total Portfolio Approach Playlist
Explore our Total Portfolio Approach playlist on YouTube (updated regularly)
PICTON INVESTMENTS
Building Resilient Portfolios with The Total Portfolio Approach
In today’s evolving market conditions, the need for investors to strengthen their portfolios with alternative strategies has never been greater…
CAIA ASSOCIATION
From Vision to Execution: CAIA London Chapter & Thinking Ahead Institute Event
September 2025 CAIA London Chapter and Thinking Ahead Institute discuss TPA…
CAIA ASSOCIATION
From Vision to Execution: ALTSSG 2025 Keynote Panel Session
October 2025 ALTS Singapore Keynote panel discuss TPA…
PICTON INVESTMENTS
The Value Effect: The Total Portfolio Approach – with Robert Wilson and Aaron Filbeck
With increasing competition for capital, advisors need to demonstrate how they think differently to win new business. The Total Portfolio Approach (TPA) can help…