What steps would I take if I wanted to create a risk adjusted portfolio that beat the ACWI as a benchmark?

Basically I'm trying to devise a portfolio that can do better than the ACWI. I was wondering what tools I should be using and how I should begin. I know pretty decently about portfolio theory but no idea how to optimize it and find the right balance to beat this bench mark. I'm doing this as a learning experience.

Thank you.

Submitted October 09, 2015 at 04:13AM by finstudentz http://ift.tt/1LrOBx6