Total Portfolio Approach Gains Traction Among Investors, Prosek Says

Total Portfolio Approach is gaining traction, potentially favoring multi-asset managers over single-asset firms as investors shift capital across asset classes. The approach evaluates investments against total-fund objectives rather than individual asset-class targets. CalPERS implemented the shift at the start of July following approval in November, fueling broader industry discussion. Potential benefits include better capital allocation, improved private-market liquidity management and more realistic diversification. Implementation poses governance, performance measurement and organizational challenges, including potential turf battles. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Prosek LLC published the original content used to generate this news brief on October 16, 2026, and is solely responsible for the information contained therein. (C)