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July 10, 2012Consultant Corner: For the Crime of Underperformance, Who Are the Culprits?
Evidence increasingly shows that a “crime” of extensive underperformance has been committed in pension funds and endowments, according to Charles Ellis, an author and consultant to large institutional investors in the US and Asia.

Quote of the Week:

 

"He was cool in a crisis, steadfast in times of trouble, the first to pick up the bill, the last to leave the party.” —Charles Ruffel on Bill Mahoney (1957-2013), former equity partner and early fundraiser for Bridgewater Associates

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