Overlay strategy

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Overlay strategy

A strategy of using futures for asset allocation by pension sponsors to avoid disrupting the activities of money managers.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Overlay Strategy

The practice in which a money manager keeps track of all of an investor's accounts and the securities contained in them in order to prevent duplication, overexposure, or other unnecessary risks. An overlay strategy is believed to be more efficient when one has multiple brokerage accounts and helps one accomplish his/her overall investment goals, not just the ones of a particular account.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Multi-asset-class solutions can range from custom target-date strategies for larger defined contribution plans, to derivatives-oriented managed volatility overlay strategies, to the most sophisticated volatility or income targeting and absolute return investments, according to Ceulli.
In-place recycling can reduce construction-related greenhouse gases as compared to conventional mill and overlay strategies by more than 50 percent, and asphalt pavement is up to 100 percent recyclable.
In addition, overlay strategies help manage the hedge ratio across the yield curve.
Cardano: It's no surprise that at least one solely European-focused consultant made the New Establishment list this time around, for it is British and European funds that have led the way in demanding solvency management and derivative overlay strategies within their pension schemes.
Over the last 10 years we have seen proportions in overseas equities rise from 18.7% to 25.5% and as a result, currency overlay strategies have become increasingly important.
BNY Mellon Global Markets' currency hedge administration service was launched using BNY Mellon's proprietary iHedge platform to provide passive currency overlay strategies and share class hedging programmes to global institutional investors.
In his latest suite of paintings, "As I Was Conceived," 2001, this process is crystallized as a visual stutter that echoes Warhol's registration problems as much as Picabia's cheeky overlay strategies. Some part of both artists' naughty version of avant-gardism was indeed salvaged for the resurgence of painting in the '80s, but here that legacy is effectively brought to a close.
Various overlay strategies were considered including different overlay thicknesses, use of a fabric interlayer, asphalt rubber interlayer, various mixes, edge drains, and cracking and seating.