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At the 67th CFA Institute Annual Conference, held 4–7 May 2014 in Seattle, Robert Litterman interviewed William F. Sharpe to elicit his perspective on a number of investment issues, including the capital asset pricing model, asset allocation, behavioral finance, and retirement income.

About the Author(s)

William Sharpe
William F. Sharpe
Robert Litterman PHD

Robert B. Litterman is a founding partner and chair of the risk committee at Kepos Capital, a systematic global macro firm. Previously, he served in research, risk management, investment, and thought leadership roles at Goldman Sachs & Co., where he also oversaw the Quantitative Investment Strategies group in the asset management division. Dr. Litterman also served as one of three external advisers to Singapore's Government Investment Corporation. He was named a partner of Goldman Sachs and became head of the firm-wide risk function and also served as co-head of the fixed-income research and model development group with Fischer Black. Dr. Litterman has published a number of groundbreaking papers in asset allocation and risk management and is the co-developer of the Black Litterman global asset allocation model, a key tool in investment management. He has coauthored several books, including The Practice of Risk Management and Modern Investment Management: An Equilibrium Approach. Dr. Litterman serves on a number of boards, including Commonfund, the Options Clearing Corporation, Resources for the Future, the Robert Wood Johnson Foundation, the Alfred P. Sloan Foundation, and the World Wildlife Fund. He holds a BS in human biology from Stanford University and a PhD in economics from the University of Minnesota.