Asset Allocation

Asset allocation is a core competency of GMO. We have worked together with clients in creating and implementing dynamic portfolios since the 1980s.

Top-down asset class valuation forms the basis of our views, as reflected by GMO’s 7-Year Asset Class Forecasts. Conceived decades ago by a group including GMO co-founder Jeremy Grantham and overseen today by our Asset Allocation team, our forecasting framework enables us to look past the emotions of the moment to find attractively valued long-term investment opportunities.

We apply the insights gained from our forecasting in several ways for clients:

  • Dynamic multi-asset portfolios designed to meet client objectives
  • Targeted strategies to express a view or complete an existing client portfolio
  • Capabilities to take advantage of temporary market dislocations

Our client partners rely on our Asset Allocation thought leaders for candid investment advice. This helps transform investment challenges into concrete solutions that achieve their goals.

Contact us to learn more.

Key Team Resources

Inker_Ben

Ben Inker

Co-Head of Asset Allocation

Mr. Inker is co-head of GMO’s Asset Allocation team and a member of the GMO Board of Directors. He joined GMO in 1992 following the completion of his B.A. in Economics from Yale University. In his years at GMO, Mr. Inker has served as an analyst for the Quantitative Equity and Asset Allocation teams, as a portfolio manager of several equity and asset allocation portfolios, as co-head of International Quantitative Equities, and as CIO of Quantitative Developed Equities. He is a CFA charterholder.

Thorndike_John

John Thorndike

Co-Head of Asset Allocation

Mr. Thorndike is co-head of GMO’s Asset Allocation team. Prior to joining GMO in 2015, he was a managing director and Deputy CIO at The Investment Fund for Foundations. Previously, he was an analyst with TIFF. Mr. Thorndike earned his AB in Physics from Bowdoin College.

BJ Brannan

B.J. Brannan

Mr. Brannan is a member of GMO’s Asset Allocation team. Previously, he was a member of GMO’s investments control group. Prior to joining GMO in 2006, Mr. Brannan worked at Investors Bank & Trust as an account manager for fund accounting. Mr. Brannan earned his BA in Business Management from University of Massachusetts Amherst and MBA from Boston University. He is a CFA charterholder.

Anna Chetoukhina

Anna Chetoukhina

Ms. Chetoukhina is a member of GMO’s Asset Allocation team. Prior to joining GMO in 2011, Ms. Chetoukhina was a fixed income quantitative analyst for Wellington Management. Previously, she was a research associate for State Street Associates, LLC. Ms. Chetoukhina earned her B.S. in Economics from Voronezh State University in Russia, her B.A. in Mathematics and Economics from Huntingdon College and her M.S. in Applied Mathematics from Northeastern University. She is a CFA charterholder.

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Rick Friedman

Mr. Friedman is a member of GMO’s Asset Allocation team and a partner of the firm. Prior to joining GMO in2013, he was a senior vice president at AllianceBernstein. Previously, he was a partner at Arrowpath Venture Capital and a principal at Technology Crossover Ventures. Mr. Friedman earned his bachelor's degree in Economics from the University of Pennsylvania and his MBA from Harvard Business School.

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Tommy Garvey

Mr. Garvey is a member of GMO’s Asset Allocation team. Previously at GMO, he was a member of the Global Client Relations team in the London office. Prior to joining GMO in 2012, he worked at Close Brothers Asset Management, London as the Chief Investment Officer of the multi-manager division. Previously, he was the co-founder and Head of Institutional Business and principal at Aon Asset Management, London. Mr. Garvey is a Fellow of the Institute of Actuaries.

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Matt Kadnar

Mr. Kadnar is a member of GMO’s Asset Allocation team. Prior to joining GMO in 2004, he was an investment specialist and consultant relations manager at Putnam Investments. Previously, he served as in-house counsel for LPL Financial Services and as a senior associate at Melick & Porter, LLP. Mr. Kadnar has a B.S. from Boston College majoring in Finance and Philosophy and a J.D. from St. Louis University School of Law. He is a CFA charterholder.

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Catherine LeGraw

Asset Allocation

Ms. LeGraw is a member of GMO’s Asset Allocation team. Prior to joining GMO in 2013, she worked as a director at BlackRock. Previously, Ms. LeGraw was an analyst at Bear, Stearns & Co. She received her B.A. and her B.S. in Economics from the University of Pennsylvania. She is a CFA charterholder.

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James Montier

Asset Allocation

Mr. Montier is a member of GMO’s Asset Allocation team. Prior to joining GMO in 2009, he was co-head of Global Strategy at Société Générale. Mr. Montier is the author of several books including “Behavioural Investing: A Practitioner’s Guide to Applying Behavioural Finance”; “Value Investing: Tools and Techniques for Intelligent Investment”; and “The Little Book of Behavioural Investing.” Mr. Montier is a visiting fellow at the University of Durham and a fellow of the Royal Society of Arts. He holds a B.A. in Economics from Portsmouth University and an M.Sc. in Economics from Warwick University.

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John Pease

Asset Allocation

Mr. Pease is a member of GMO’s Asset Allocation team. Prior to joining GMO full-time in 2016, he was an intern with the Asset Allocation team. Mr. Pease earned his Bachelor of Science in Economics and his Master of Science in Economics from Pontificia Universidade Catolica do Rio de Janeiro.

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