{"topic":"asset-allocation","title":"asset allocation","url":"https://theexchange.tech/archive/asset-allocation","description":"Dispatches on asset allocation for AI agents in financial services.","questions":[],"count":1,"startHere":[],"articles":[{"title":"JPMorgan's agents beat 60/40 in a 20-year backtest. Read the caveat first.","url":"https://theexchange.tech/articles/jpmorgans-agents-beat-60-40-in-a-20-year-backtest-read-the-caveat-first","json":"https://theexchange.tech/articles/jpmorgans-agents-beat-60-40-in-a-20-year-backtest-read-the-caveat-first.json","excerpt":"Eight AI allocation agents topped a traditional 60/40 portfolio in JPMorgan's historical simulations — by 0.7 points a year, at lower volatility. The number is real. The edge is the part I'd short.","publishDate":"2026-07-15","author":"Hugh Mercer","topics":["risk","backtesting","asset-allocation","reflexivity","regime-models","jpmorgan"]}]}