asset management firms with their clients. In the market connecting investment professionals with the information they need …

influence public companies than asset managers. The investment stewardship activities of asset managers raise the bar on …

trustee, investment adviser, and investment manager each is a fiduciary. Because trust law most clearly articulates fiduciary … rules, this paper focuses on trust law as the principal foundation of fiduciary law. Although investment advisers are not … strictly subject to trust law, the fiduciary investment principles applicable to advisers are very similar to those governing …

relative risk aversion, and with stochastic investment opportunities. An optimal portfolio decomposes as a constant mix of a …

In late June 2009, management at The Investment Fund for Foundations (TIFF) was considering expanding the footprint of … question the two basic premises of the endowment investment model-that investors get rewarded for bearing illiquidity, and that … virtually all market conditions. Despite this questioning, the investment professionals at TIFF were convinced that this model …

overall returns for a given level of overall portfolio risk. To test our hypothesis, we have developed an investment algorithm … period of 7-10 years. The algorithm reviews the investment decisions faced by the investors, and selects investments that …

This paper provides a new investment methodology for private equity portfolios that applies principles of investment … are on the efficient frontier of risk-reward optimality, to back-test the performance of private equity (PE) investment …