Research

Abstract: Outside of stories on the bad behavior of Hollywood moguls and members of Congress, there are few topics as salacious or as little understood as […]

Abstract: The asset management industry widely assumes that asset growth in a fund automatically follows superior performance. In this paper, we illustrate that while there is […]

Abstract: We believe that the traditional approach to risk management of using a single methodology for risk estimation and end of horizon risk measures based on […]

Abstract: Is there a level of employee ownership that correlates best with future manager performance? A number of noted endowments have a stated policy to invest […]