Centralized Portfolio Management
For institutional investors
Multimanager portfolios offer institutional investors a variety of benefits, but efficiently managing the portfolio can present ongoing challenges.
Our centralized portfolio management (CPM) process seeks to simplify and enhance investment transition and implementation. CPM managers and clients have centralized visibility of full portfolio assets, allowing for improved risk-management capabilities and more timely responses to information requests.
Why choose Parametric?
How it works
Within a multistyle portfolio, institutional investors can choose their preferred managers. The operational activities of opening, closing, trading, and maintaining accounts are centralized between Parametric and the program sponsor, allowing for maximum coordination and customization.
Efficient multimanager implementation
Intended benefits of centralized portfolio management
Maximum coordination
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CPM centralizes the operational activities of opening, closing, trading, and maintaining accounts between Parametric and the program sponsor.
ESG integration
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Our custom solutions allow institutions to select bonds that align with their ESG policy objectives.
Customization
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We make it easy to implement factor completions, tactical decisions, and environmental, social, and governance (ESG) guidelines.
Lower costs
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Holding multiple strategies in one account offsets trades by each underlying manager, reducing custody and trading costs while providing lower turnover.
More to explore
Midyear LDI Outlook: Planting Seeds for a New Direction in Pensions
by David Phillips, Director, Liability-Driven Investment Strategies
July 15, 2024
After some interesting twists in the pension world, let’s look at how far we’ve come and where that might lead.
Gradually then Suddenly: US Debt and Deficits
by Kevin Lynyak, Managing Director; James Benadum, Director, Portfolio Manager
July 1, 2024
Ongoing budget deficits linger amid the post-COVID economic recovery. In part one of our series, let’s look at fiscal policy and Treasury debt.
Midyear Fixed Income Outlook: Solid but Slowing, a Favorable Environment for Fixed Income
by Jonathan Rocafort, Managing Director, Head of Fixed Income Solutions
June 21, 2024
Economic resilience and the year-to-date increase in yields may simply prolong and enhance what we see as an attractive opportunity in fixed income.
Midyear Commodity Outlook: Are Higher Rates Masking Tight Inventories?
by Greg Liebl, Director, Investment Strategy; Adam Swinney, Investment Strategist
June 10, 2024
Learn why the level of inventories can have a big impact on commodity prices, and relatively low inventories can lead to higher volatility across commodity markets.
Can Tight Spreads Still Deliver Excess Returns?
by Bernie Scozzafava, Director, Quantitative Research and Portfolio Management; Kevin Lynyak, Managing Director
May 31, 2024
Here’s why we believe that even at current tight spread levels, investing in corporate bond ladders may continue to offer a total return advantage over time in most economic environments.
What Is Impact Investing?
by Gwen Le Berre, Director, Responsible Investing; Lauren Kashmanian, Director, Portfolio Management and Responsible Investing
April 22, 2024
Impact investing may be the key to generating measurable social or environmental benefits while also fueling healthy financial return.
While the Last Round in the Inflation Fight Might Be the Hardest, Don’t Expect Gold to Outperform
by Greg Liebl, Director, Investment Strategy; Adam Swinney, Investment Strategist
March 4, 2024
Read why we think it makes sense to prepare for bouts of unexpected inflation by including a modest allocation to diversified commodities in a resilient core portfolio.
Reducing Leverage When Cash Rates Are Elevated Is (Probably) Market Timing
by Benjamin Hood, Managing Director of Research
February 26, 2024
Should investors use leverage in their portfolios when interest rates on borrowing have risen? Read why we think it can still make sense.
2024 Institutional Outlook: Working with Investors to Help Enhance Portfolio Value
by Chris Uhas, Managing Director, Head of Institutional Distribution
January 29, 2024
What matters most to institutional investors in 2024? Here’s what we think.
2024 Responsible Investing Outlook: Moving Climate and Diversity Efforts Forward Against the ESG Backlash
by Gwen Le Berre, Director, Responsible Investing
January 22, 2024
After two years of public debate and political backlash against ESG, what’s next for responsible investors in 2024?
2024 Commodity Outlook: Peak Rates and Inflation Give Way to a Sustainable Future
by Greg Liebl, Director, Investment Strategy; Adam Swinney, Investment Strategist
January 8, 2024
Read why we think commodities belong in a well-diversified portfolio, even after interest rates and inflation have peaked.
2024 Liability-Driven Investing Outlook: Are the Tides Turning for Pensions?
by David Phillips, Director, Liability-Driven Investment Strategies
January 3, 2024
Has the demise of pension plans been greatly exaggerated? With the right LDI strategies and funding in place, sponsors might manage cost and risk more effectively. See how different strategies can help.
2024 Fixed Income Outlook: A Happy New Year for Bonds
by Evan Rourke, Director, Portfolio Management; Bernie Scozzafava, Director, Quantitative Research and Portfolio Management
December 18, 2023
Delayed market trends have investors wondering what will happen in 2024. Read why we think bond investors could have a happy new year.
Season’s Greetings: How the Year-End Funding Squeeze Has the Potential to Enhance Cash Returns
by Dane Fickel, Director, Investment Strategy; Clint Talmo, Managing Director, Investment Strategy
December 14, 2023
A persistent trend in the funding market around year end may provide investors with an opportunity to materially improve yields on any excess cash they hold.
Stocks, Bonds, Cash, Commodities: Rethinking the Typical Core Portfolio
by Greg Liebl, Director, Investment Strategy; Adam Swinney, Investment Strategist
October 25, 2023
Many investors don’t think much about including commodities in their portfolio. Read why it can be an important tool for resiliency and diversification.
Bonds Are Back: What Are You Waiting For?
by Bernie Scozzafava, Director, Quantitative Research and Portfolio Management; Kevin Lynyak, Managing Director
October 12, 2023
With interest rates rising to attractive levels, we believe it’s time to take advantage of a potentially overlooked opportunity. Find out why.
What’s Next for the SEC’s Climate Disclosure Rules?
by Gwen Le Berre, Director, Responsible Investing; David Post, Director, Investment Strategy
September 21, 2023
Company reporting on climate risks isn’t enough for today’s investors. Read how the SEC climate disclosure rules may change that.
Understanding the Recent Surge in 0DTE Options
by Perry Li, Senior Investment Strategist
August 24, 2023
Read why 0DTE options—once reserved for large institutions—are now popular among even the smallest investors.
Consider New Ways to Invest Margin Cash and Capture Rising Yields
by Brian Barney, Managing Director, Institutional Portfolio Management and Trading; Chris Haskamp, Director, Investment Strategy, Government Securities
August 17, 2023
With Treasury yields on the rise, it’s time for institutions to reevaluate their cash positions. See the potentially improved efficiency of an overlay program.
Midyear LDI Outlook: Don’t Sleep on Your Pension Plan
by David Phillips, Director, Liability-Driven Investment Strategies
August 3, 2023
Early 2023 market returns have been surprisingly promising, but what does that mean for pension plans?
Commodity Investing Is More Than Just China’s Story
by Greg Liebl, Director, Investment Strategy; Adam Swinney, Investment Strategist
July 14, 2023
The next commodity supercycle could be bigger than any one country—even the world’s second-largest. See which themes may be responsible.
Why a Talented Trading Desk Matters for Fixed Income SMA Investors
by Brian Barney, Managing Director, Institutional Portfolio Management and Trading
July 5, 2023
Across the fixed income asset class, trading efficiency matters more than many investors realize. See how our technology makes it happen.
Summer’s Arrival Means the Time Is Now for Muni Investing
by John Dillon, Managing Director, Portfolio Management
June 22, 2023
It was a challenging spring in the muni market. As we approach summer, learn why we believe investors have reasons for optimism.
Midyear Fixed Income Outlook: “Hold! Hold!”
by Jonathan Rocafort, Managing Director, Head of Fixed Income Solutions
June 20, 2023
Read why we believe the Fed will pause further interest rate hikes, but for only so long.
Midyear Investment Outlook: Why Investors Should Weatherproof Their Portfolios
by Thomas Lee, Co-President and Chief Investment Officer
June 12, 2023
When it comes to the markets, problems are always possible. How can investors build a portfolio that’s ready for anything?
Midyear Emerging Markets Outlook: Will the US Dollar Continue to Misbehave?
by Greg Liebl, Director, Investment Strategy; Christian Johnson, Investment Strategist
June 8, 2023
In emerging markets, a poorly performing US dollar is a good thing. How do we see the greenback performing over the rest of 2023?
Navigating the Ins and Outs of the Quality Factor
by Jennifer Sireklove, Managing Director, Investment Strategy
June 5, 2023
Building quality into a portfolio requires understanding its meaning. Which quality strategy best fits investor objectives?
How the Municipal Bond Market Funds Climate Solutions
by Lauren Kashmanian, Director, Portfolio Management and Responsible Investing
May 30, 2023
What role can the municipal bond market play in addressing climate change?
Consider Volatility Targeting to Soften the Impact of the Debt Ceiling Battle
by Benjamin Hood, Managing Director of Research
May 23, 2023
Every investor should know to expect volatility—but they rarely know when. Can your portfolio react soon enough?
Investigating the Inverse Relationship Between Commodities and the US Dollar
by Greg Liebl, Director, Investment Strategy; Adam Swinney, Investment Strategist
May 8, 2023
Read about why the typical relationship between the US dollar and commodity prices has changed.
Ending Another Cycle: What to Do with Rising Rates in Fixed Income
by Evan Rourke, Director, Portfolio Management
May 4, 2023
Read why following the Fed’s lead has historically delivered strong performance for fixed income investors.
What’s Behind the Disconnect Between Coupon Income and Yield?
by Bernie Scozzafava, Director, Quantitative Research and Portfolio Management; John Hemingway, Vice President, Portfolio Manager
April 24, 2023
Laddered bond portfolios aim to make income more predictable. What’s happening when income and yield diverge? Get the answer.
A Corporate Pension Inflection Point: Minding the Yield Curve
by Richard Fong, Managing Director, Investment Strategy; David Phillips, Director, Liability-Driven Investment Strategies
April 19, 2023
Plan sponsors may be in a better position than ever to preserve funded status. Explore retooling pension plans to better manage curve risk.
Earth Day 2023: Past Performance Can Inspire Future Results
by David Post, Director, Investment Strategy
April 17, 2023
Millions of people took action against pollution more than 60 years ago. See how today’s investors can do the same in the fight against climate change.
Climbing Out of Cash with a Bond Ladder
by Bernie Scozzafava, Director, Quantitative Research and Portfolio Management
March 20, 2023
How can investors lock in high rates with reduced risk?
Fixed Income ESG Outlook 2023: Inflows and Issuance on the Rise
by Lauren Kashmanian, Director, Portfolio Management and Responsible Investing
March 13, 2023
Increasing consumer demand and growing greenwashing concerns are pushing policymakers toward regulating ESG-labeled bonds differently.
What Happened to Equity Volatility in 2022?
by Perry Li, Senior Investment Strategist
March 9, 2023
Find out why we think call overwriting strategies are attractive in the current environment.
2023 Institutional Outlook: Making Preparations for Market Gyrations
by Chris Uhas, Managing Director, Head of Institutional Distribution; Richard Fong, Managing Director, Investment Strategy ; +1
February 16, 2023
Hedging against portfolio risk seemed like a good idea at the time. Why did portfolios underperform anyway? Find out what’s under the hood of the options market.
2023 LDI Outlook: It’s All About Balance
by David Phillips, Director, Liability-Driven Investment Strategies
January 18, 2023
Strike the right balance between risk and reward in pension plan funding.
Why Investors Should Look Beyond Indexes for Commodity Exposure
by Greg Liebl, Director, Investment Strategy; Adam Swinney, Investment Strategist
January 4, 2023
Can commodities help in times of high inflation?
Interesting Times: Exploring the Three Rs of Fixed Income
by Bernie Scozzafava, Director, Quantitative Research and Portfolio Management; Evan Rourke, Director, Portfolio Management
December 19, 2022
What do the three Rs of fixed income investing tell us about what to expect? We see signs of stabilization ahead.
2023 Investment Outlook: Will We Win the Fight Against Inflation?
by Thomas Lee, Co-President and Chief Investment Officer
December 9, 2022
It was a banner year for tax-loss harvesting and Fed tightening. But what opportunities lie ahead for 2023?
What Can the UK’s LDI Turmoil Teach US Pensions?
by David Phillips, Director, Liability-Driven Investment Strategies; Richard Fong, Managing Director, Investment Strategy ; +1
November 21, 2022
The UK gilts curve shock highlights the importance of liquidity in pension plans.
Untangling Contango in Commodity Portfolios
by Greg Liebl, Director, Investment Strategy; Adam Swinney, Investment Strategist
October 11, 2022
Commodities investors would be wise to ride out a period of contango rather than focus too much on the future they think it predicts.
How Can Investors Ease the Effects of Inflation?
by Thomas Lee, Co-President and Chief Investment Officer
September 14, 2022
When inflation brings stock and bond prices too close together, it’s time for investors to build diversification.
How Can Investors Help Close the Gender Gap?
by Gwen Le Berre, Director, Responsible Investing
August 26, 2022
Investors play a key role in ensuring companies provide a safe and fair workplace and helping close the gender gap.
What Is the Volatility Risk Premium?
by Alex Zweber, Managing Director, Investment Strategy
August 8, 2022
Recent trends tell us that volatility will remain high in the current environment. Find out how investors can use the volatility risk premium during these market conditions.
Understanding the Zigs and Zags of Emerging Markets
by Greg Liebl, Director, Investment Strategy
August 2, 2022
We believe there are solid reasons to own emerging market equities as a means of diversifying portfolios across markets, minimizing risk, and maximizing growth opportunities.
Midyear Responsible Investing Outlook: Navigating the ESG Backlash
by Gwen Le Berre, Director, Responsible Investing
July 25, 2022
Recent debates run the risk of leading investors to oversimplify ESG. Find out what truly responsible investing means.
Midyear Bond Outlook: A Stable Ladder in Uncertain Times
by Bernie Scozzafava, Director, Quantitative Research and Portfolio Management; Evan Rourke, Director, Portfolio Management
July 11, 2022
How can bond investors stay ahead of rising rates?
Fighting Fire: How Commodities Help Beat Back the Flames of Inflation
by Greg Liebl, Director, Investment Strategy; Adam Swinney, Investment Strategist
June 28, 2022
Can commodities help in times of high inflation?
What Fixed Income ESG Investors Should Keep on the Radar in 2022
by Lauren Kashmanian, Director, Portfolio Management and Responsible Investing
March 21, 2022
What can responsible investors in fixed income expect in the year to come? Sustainable bonds should play an increasingly important role.
The State of the Commodities Market
by Greg Liebl, Director, Investment Strategy
March 7, 2022
While commodities markets are slowing somewhat, we still see opportunities.
2022 LDI Outlook: How Might 2022 Affect Pension Investment Decisions?
by David Phillips, Director, Liability-Driven Investment Strategies
March 4, 2022
Explore what 2022 might hold in store for pensions and their sponsors.
What We Talk About When We’re Talking About Inflation
by Thomas Lee, Co-President and Chief Investment Officer
March 3, 2022
The BLS publishes the CPI, the BEA publishes the PCE using the NIPA, markets expect hikes in bps from the FOMC, and investors say OMG. It all spells inflation—but in two different ways.
Finding Balance in Diversified Index Portfolios
by Jennifer Sireklove, Managing Director, Investment Strategy
February 28, 2022
How can index investors build accessible, diversified portfolios that achieve their goals?