“Have Alternative Investments Helped or Hurt?” (Ennis 2023b) examined the impact of alternative investments (“alts”) on the performance of US public-sector pension funds. That paper revealed that, since the Global Financial Crisis of 2008 (GFC), public funds realized a negati| richardmennis.com
Insitutional investors who have doggedly pursued active management should heed the advice of tennis great Bill Tilden: “Never change a winning game; always change a losing one.”| CFA Institute Enterprising Investor
Enterprising Investor is a forum for provocative and useful analysis of current issues in finance and investing. To receive the latest content, subscribe below to our weekly email.| CFA Institute Enterprising Investor