A client, an institutional investor, is looking to construct a multi-asset portfolio that optimally manages risk while ensuring adequate returns over a long-term horizon. The portfolio must include equities, fixed income, and alternative investments. The investor’s risk tolerance is moderate, and the expected return requirement is at least 7% per annum. Given the current market conditions, the investor is considering various strategic asset allocation options.

The investment committee has proposed the following allocations:

• A: 60% equities, 30% fixed income, 10% alternatives
• B: 50% equities, 40% fixed income, 10% alternatives
• C: 40% equities, 50% fixed income, 10% alternatives

Given this information, identify which allocation would best align with the client’s investment policy and expected return requirements.