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Portfolio Pi

Pi-tree™ metrics make investment choices and tradeoffs easy to understand*

*See Pi Portfolio Management: Reaching Goals while Avoiding Losses” J. Cvitanic, S. Kou, X. Wan, and K. Williams, April 2023.

We measure average probability of success with complete information

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Graph and content are for illustration only.

Pi-tree™ metrics empower communication and understanding 

Will I achieve my desired investment outcomes?


Portfolio Pi is a comprehensive measure of potential success 


Pi is the average of the probabilities that an investor will achieve desired outcomes, taking into consideration comprehensive program choices


What are those program changes worth?


Eta measures impact of investment program changes in dollar terms

Portfolio Pi and Eta are intuitive and give investors a means to communicate simply and with confidence

Pi and Eta help to make informed trade-offs under realistic conditions

Measure success and compare the potential for improvement with changes to any of the following

  • Cash in and out-flows over time or at a point in time

  • Asset class weights

  • Traditional investment products

  • Dynamic investment products

  • Hedging solutions

  • Customized portfolio exposures

  • Rebalancing strategies

  • Investment fees and expenses

  • Market regimes

  • Distributional assumptions

  • And more...

The information contained in this communication is provided for general informational purposes only and should not be construed as investment advice. Nothing in this communication should be construed as an offer, recommendation, or solicitation to buy or sell any security.  Past performance is no guarantee of futures results.  Any expected returns or hypothetical projections may not reflect actual future performance.  Portfolio performance is dependent on numerous factors, including personal and market conditions.  There can be no assurance that an investment or investment mix will perform in any predictable manner.

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