Elevate your game in the face of challenging market conditions with this eye-opening guide
to portfolio management Investing Amid Low Expected Returns: Making the Most When …

Abstract 1 We determine a simple dynamic benchmark for asset allocation by solving an
optimal stochas-2 tic control problem for outperforming the traditional constant proportion …

The authors' 2012 article on the Norway model spotlighted that country's sovereign wealth
fund. They argued that Norway provides a coherent and compelling approach to managing …

The endowment model, presumed to be a paradigm of value-adding asset class
diversification, is a thing of the past. Large educational endowment funds in the United …

The endowment model, long thought to be superior, has recently come under criticism
because of poor returns relative to stock and bond benchmarks in the past decade. The …

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 …

Are Endowment Managers Better Than the Rest? Page 1 1 Are Endowment Managers Better
Than the Rest? By Richard M. Ennis ▪ I compare five aspects of investing large educational …

Endowed institutions and other investors, if they choose to be active rather than indexed,
can benefit by considering as potential investments every asset class and strategy in the …

An endowment fund serves as a permanent source of capital to support a specific mission. It
has, in the case of a university, dual goals of providing current financial support to the …

Public employee pension funds, endowment funds and other nonprofit institutional investors
in the US have a serious performance problem. They have underperformed properly …