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 …
Are Endowment Managers Better Than the Rest?
R Ennis - Available at SSRN 4090631, 2022 - papers.ssrn.com
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 …
Than the Rest? By Richard M. Ennis ▪ I compare five aspects of investing large educational …
Lies, Damn Lies and Benchmarks: An Injunction for Trustees
R Ennis - Available at SSRN 4253186, 2022 - papers.ssrn.com
Most institutional investors, such as public pension funds and endowments, report their
performance using biased benchmarks. The benchmarks are biased downwardly, meaning …
performance using biased benchmarks. The benchmarks are biased downwardly, meaning …
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 …
Excellence Gone Missing
R Ennis - Available at SSRN 4446996, 2023 - papers.ssrn.com
Managers of institutional portfolios have long been seen as among the elite in the
investment field. They typically possess advanced degrees and/or other professional …
investment field. They typically possess advanced degrees and/or other professional …