Ibbotson is a leading provider of asset allocation, investment manager selection and portfolio construction services with over 30 years’ experience in the United States, Australia and other international markets. Ibbotson’s asset allocation process includes a review of the fundamental and technical drivers of each asset class, and the development of expected returns and risks, along with detailed scenario analysis for each asset class. This research is used to develop a strategic long term asset allocation. In addition, as the reward for risk varies through time, Ibbotson have also adopted a dynamic approach to investment strategy that involves moving the asset allocation from time to time within set ranges. Ibbotson looks to adjust asset allocation targets to preserve capital when the risk of loss is perceived to be high, or to take advantage of an attractive risk/reward opportunity. Ibbotson also provide portfolio construction services across all asset classes, where with assistance from their parent research group Morningstar, they focus on identifying investment managers with superior investment capabilities and then combining those managers with different styles to deliver more consistent returns relative to benchmarks without sacrificing long term performance.