Using case studies of two investment companies, this paper highlights that organizations may have “investment tribes,” i.e., groups of individuals who appear to exhibit similar risk tendencies for gambles involving gains or losses, possibly with a wide spread of risk preferences. Tribes and...

Investment organizations are complex to understand because decisions are the aggregation of multiple individuals who influence the process. This applies to organizations that apply both quantitative and qualitative investment approaches because the first step in a quantitative approach is still...

Investment staff at asset owners spend an inordinate amount of time on a critical non-investment activity – reporting, which is a material fiduciary and governance requirement. Massive resources spent to prepare monthly/quarterly reports are costly for asset owners on a tight budget. More...