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I’m in the field of asset allocator i.e. pension. In Australia, we’re called superannuation. The strategic asset allocation is determined predominantly by asset consultants. Our role is really to ensure things go according to investment policy statements. We also try to generate investment ideas, fine tune portfolios etc. When it comes to constructing a portfolio, anything counts… from your SAA, DAA, TAA then your beta exposure, risk composition down to transition cost, rebalancing cost etc.
I believe in the field of fund manager, PIMCO, Fidelity the type of the shops. The asset allocation is more determined internally. The rest should be similar.
I don’t have any recommendation in mind. It depends on what type of portfolio you’re constructing. To get you started, I think Bridgewater has some good research online. SSgA also has vision series that is available publicly. Hope it helps.

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