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The Problem with Target Date Funds
This working paper presents New Frontier's concerns about the suitability of target date funds as default investments.

Quarterly Commentary
Read Dr. Michaud's comments on the fourth quarter

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New Frontier is a Boston-based institutional research and investment advisory firm with an extensive background in quantitative research, consulting, and management.  Founded by the inventors of the world's first broad spectrum, patented, provably effective portfolio optimization process, the firm continues to pioneer new developments in asset allocation and portfolio selection. Based on cutting-edge practical economic theory, New Frontier's services help institutional investors worldwide select and maintain more effective portfolios.