“People don’t know what they want until you show it to them.” — Steve Jobs The late David Swensen, Yale’s formative chief investment officer, found value in dark corners, those unknown managers and overlooked opportunities Heather Gillers referred to in a recent WSJ article. But there hasn’t been much new in money management since Mr. Swensen wrote the playbook. Whether non-correlated, factor-based, or managed TPA, when we do our ten-year return studies most institutional portfoli...| Charles Skorina & Company
Good readings about when to cash out buyout funds via secondaries, The "bad bet" of active mutual funds, a possible credit bubble building, effective questioning of general partners, a look back at Lehman "risk management," and a number of other worthwhile ideas.| The Investment Ecosystem
Fortnightly| The Investment Ecosystem