What happens when asset owners stop managing asset classes and start managing the whole fund? How do portfolios change, and how does the industry reorient its business models around them?

In this episode, a practical sequel to Season 1's introduction, we break down how the Total Portfolio Approach (TPA) changes investment processes, how portfolios differ under a Strategic Asset Allocation (SAA) framework, and what this means for external managers.

With insights from CPP Investments, NZ Super, Blue Owl, and Capital Group, the conversation highlights how partnership, transparency, and solution-oriented relationships reshape the manager—investor relationship in a TPA world.