A Universal Investment Portfolio for Public Pension Funds: Making the Most of Our Herding Ways
R Ennis - Available at SSRN 4138750, 2022 - papers.ssrn.com
Herding is human nature. There is ample evidence of it in the management of public
pension funds in the United States. Their effective equity exposures cluster about an …
pension funds in the United States. Their effective equity exposures cluster about an …
Hogwarts Finance
R Ennis - Available at SSRN, 2023 - papers.ssrn.com
CIOs and consultant-advisors oversee about $10 trillion of institutional assets in the US.
They have underperformed passive management by one to two percentage points a year …
They have underperformed passive management by one to two percentage points a year …
Disentangling Investment Policy and Investment Strategy for Better Governance
R Ennis - Available at SSRN 4317131, 2023 - papers.ssrn.com
Institutional investors have failed to apprehend the difference between investment policy
and investment strategy. Most trustees, CIOs and consultants don't appear to know where …
and investment strategy. Most trustees, CIOs and consultants don't appear to know where …
[CITATION][C] An Open Letter to Investment Consultants
RM Ennis - The Journal of Investing, 2023 - pm-research.com
1. Never BS the client—not even a little. This is serious business (Ennis 2019). 2. It is critical
that you establish your accountability with each client. A consultant can be accountable to a …
that you establish your accountability with each client. A consultant can be accountable to a …