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The Total Portfolio Approach is an A La Carte Menu

The Total Portfolio Approach is implemented in many different ways, so it is more informative for us to describe our views on specific aspects.

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The Total Portfolio Approach recently has gotten a lot of attention from institutional investors, yet it is often described in a way that is abstract and doesn’t concretely represent the realities of how it is implemented. TPA means different things to different people, and there is a wide range of practices used by proponents of TPA.