Portfolio Construction

Build forward-looking portfolios you can act on, and defend.

Independent public-private allocation guidance, transparent capital market assumptions, and strategic insight, so you can size, diversify, and fund allocations with conviction, then stand behind those decisions in front of the board.

Start Trial Download Platform Fact Sheet

The Portfolio Construction Edge

Having an allocation view is easy. Defending it is hard.

Allocators aren't short of advice, they're short of advice they can interrogate and stand behind. Much of what reaches the desk carries an incentive, public and private markets are analyzed in separate silos, and the assumptions underneath are often a black box. Portfolio Construction answers that with three things.

Transparent capital market assumptions

Know what drives the outcome.

Forward-looking assumptions for returns, volatility, and correlations are built on a clearly defined, reproducible methodology, so you can interrogate the inputs behind an allocation step by step instead of relying on black-box forecasts.

Unified public-private framework

See opportunities and trade-offs more clearly.

One empirical framework evaluates allocation trade-offs across public and private markets together, improving decisions on diversification, liquidity, funding, and long-term risk instead of forcing two separate conversations.

Independent allocation guidance

Challenge assumptions before capital is committed.

An external view, free from product incentives, placement relationships, or advisory mandates, gives you a way to pressure-test assumptions before long-term capital is committed.

See It For Yourself

Latest research from Portfolio Construction.

A sample of recent Portfolio Construction reports, refreshed as our strategists publish.

In 2026, against the backdrop of plunging birth rates around the world, investors were focused on AI bottlenecks. Little did they know that the biggest bottleneck to artificial intelligence was, ironi…

Oct 1, 2026

FICC Q4 Strategy Outlook: Climbing The Wall Of Worry

Fixed Income, Currencies & Commodities

by Mathieu Savary, Ryan Swift, Roukaya Ibrahim, Robert Timper, Artem Sakhbiev

Politics, wars, a global tightening cycle, doubts over AI capex: the wall of worry keeps rising. But the spark that would topple risk assets is missing. Our Q4 FICC outlook explains why to stay long r…

Oct 1, 2026

Quarterly TAA: Picking Up $20 Bills In Front Of The Steamroller

Global Asset Allocation

by Juan Correa, Brian Payne

Higher rates have changed the opportunity set. Overweight High-Yield Credit, both within asset allocation and versus Private Credit. Investors are no longer picking up pennies in front of a steamrolle…

The BCA Approach

We think like an investor, not a product desk.

BCA's approach is fiercely independent and built on proprietary data that's hard to get anywhere else. We don't care where the capital goes, only whether it earns its place in the portfolio.

That's the discipline behind every allocation call: should this dollar go here, or here? Here, Brian Payne explains how BCA thinks about it.

Who It's For

Built for allocators who own the total portfolio decision.

Heads of Asset Allocation, CIOs

Institutional allocators running strategic reviews

Pension funds, sovereign wealth funds, insurance portfolios, and OCIO-style allocators running strategic allocation reviews and total portfolio design.

ICs, Trustees & Risk Teams

Decision-makers who need a defensible basis

Investment committees, trustees, and risk teams who need transparent assumptions, a methodology they can interrogate, and an independent check on allocation recommendations.

Family Offices

Allocators with growing private exposure

Single and large multi-family offices with growing private market exposure that need institutional-quality analysis without a full in-house research function.

WHAT YOU RECEIVE

Everything in Portfolio Construction.

Forward-looking capital market assumptions across public and private asset classes
Practical guidance on integrating private markets into total portfolio design
Scenario analysis and portfolio stress-testing

A unified framework for evaluating public-private allocation trade-offs
Strategic and tactical asset allocation guidance
Direct access to BCA strategists for allocation discussions and IC preparation

Explore Portfolio Construction By Topic

Cards

What Success Looks Like

Better decisions you can defend.

Decide how much goes where. Weigh public against private, and one private asset class against another, in a single framework rather than reconciling separate conversations.
Defend the decision in the room. Take transparent CMAs and a methodology you can interrogate into an IC, a board, or a client conversation.

Commit long-term capital with conviction. Size, diversify, and fund allocations knowing the assumptions behind them hold up across market regimes.
Check the advice before you act. Pressure-test consultants, OCIOs, GPs, and internal assumptions with an independent read before the capital is committed.