Asset Allocation: A Half-Course Module Note

Posted: 14 Jun 2006

See all articles by Luis M. Viceira

Luis M. Viceira

Harvard Business School - Finance Unit; National Bureau of Economic Research (NBER)

Date Written: April 17, 2006


SUBJECT AREAS: Asset allocation, Portfolio choice, Financial management, Institutional investments, Investments, Equity investing, Fixed income investing, Pension funds, Mutual funds, Performance Evaluation

This note provides an overview of the main ideas and structure of a 15-session module on long-term asset allocation designed for MBA graduate students and investment professionals. This module is taught as part of a full-length, 30-session elective class on investment management at the Harvard Business School. This module can also be taught as a stand-alone 15-session course on asset allocation. The module is structured around a discussion of three interactive sessions and nine Harvard Business School cases, all of which have companion teaching notes. The module starts with traditional mean-variance analysis and it develops the main ideas underlying the modern theory of long-term investing. The module also emphasizes the practical implementation of investment decisions and the management of long-term institutional investors and investment vehicles.

Suggested Citation

Viceira, Luis M., Asset Allocation: A Half-Course Module Note (April 17, 2006). HBS Publishing Module Note No.: 5-206-133, Available at SSRN:

Luis M. Viceira (Contact Author)

Harvard Business School - Finance Unit ( email )

Boston, MA 02163
United States
617-495-6331 (Phone)
617-496-6592 (Fax)


National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Abstract Views
PlumX Metrics