Strategic Asset Allocation (SAA) & Benchmark Setting

**Strategic Asset Allocation (SAA)** is the pivotal long-term investment decision for official reserve portfolios, determining the optimal mix of asset classes to meet the central bank's risk and return objectives over time. This advanced course provides a rigorous, quantitative exploration of SAA methodologies and the critical process of **Benchmark Setting**. Participants will delve into Mean-Variance Optimization (MVO), Liability-Driven Investing (LDI), and risk-budgeting techniques, learning how to translate the high-level Investment Policy Statement (IPS) into a concrete, executable asset mix and a customized, risk-aligned performance benchmark.