Asset owners—the cornerstones of the investment ecosystem—often have very long-term investment goals, such as funding liabilities, building an endowment for perpetuity, or providing for subsequent…
Whether they are selecting a manager, a factor, or a strategy, investors can make two types of mistakes. A Type I error (or false discovery) when selecting a manager who turns out to be unskilled. A…
A decade ago, we released a set of Fee Principles that proposed alternative investment fee structures to better align the interests of those that manage money with those who provide money.
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