June 23, 2025 (NO COMMENTS)

In early 2020, Brightwell turned its investment process upside down – literally.

The £47 billion ($63.3 billion) UK pension fund had previously followed a conventional strategic asset allocation framework, fixing the broad tracks along which its portfolio would run. Following the switch, Brightwell adopted a so-called ‘total portfolio’, or ‘one portfolio’ approach. Now the fund determines its