Investors have become more interested in low-volatility investment strategies since the worldwide financial crisis revealed the risks of rollercoaster markets, says Khalid Ghayur, Managing Partner and Chief Investment Officer at Westpeak Global Advisors. But investors have a hard time implementing low-volatility investing within the constraints of their active risk budgets, he notes. In Low-Volatility Investing: Balancing Total Risk and Active Risk Considerations, from the Fall 2013 issue of The Journal of Portfolio Management, present a new portfolio construction technique aimed at allowing investors stay within their active risk budgets by striking a better balance between total risk and relative risk. The article was co-written by Ghayur, Ronan Heaney, Partner and Director of Research at Westpeak Global Advisors, and Stephen Platt, Partner and Director of Portfolio Management at Westpeak.