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Leo Acheson

Leo Acheson, CFA, is director, multi-asset ratings, global manager research.

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Anne Lester, manager of JPMorgan's SmartRetirement Target-Date series, discusses increased flows to passive strategies in the target-date space and the firm's research on decumulation strategies.

Although both funds represent GMO's asset-allocation views well and earn Silver ratings, GMO Benchmark-Free is a pure play on the firm's views, while GMO Global Asset Allocation is more benchmark-conscious.