An “Aha Moment” Regarding Performance Measurement

July 19th, 2017  | by William Spitz

Performance measurement is an important component of investment management since individual investors have a personal stake in the achievement of their investment goals, and fiduciaries have a legal responsibility to assess the progress of the funds for which they are responsible. But, performance measurement is also fraught with peril.  Many investors focus intensely on the…

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June 21st, 2017  | by William Spitz

In the first quarter of 2017, I wrote a paper called 16 Risks The Stock Market Seems To Be Ignoring. The gist of it was that quantitative measures indicated that investors were not very concerned about risk although there seemed to be plenty of things to worry about.  Well, the situation has become even more…

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The Outsourced Chief Investment Officer

April 23rd, 2017  | by Mark Bell & Andrew Berg

Across the globe a once familiar figure is increasingly absent: the CIO. A look at some of the trends and considerations for outsourced chief investment officers. Budget pressures in a low return environment combined with increased investment complexity and regulatory/fiduciary risks, means that endowment boards and trustees across the globe are increasingly considering outsourcing their…

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Diversified Digest: April 10

April 11th, 2017  | by R. Samuel Fraundorf

Diversified Trust’s investment team brings you headlines of note for the week.  Click on the links to access the articles. With the Fed’s minutes this week is more insight into their balance sheet and its impact to tightening as they decide to run some of it off.  That isn’t necessarily all bad news. Emerging markets…

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16 Risks the Stock Market Seems to Be Ignoring

April 1st, 2017  | by William Spitz

I have been humbled by the markets enough times over the years that I would never suggest that investors have “got it wrong.” But, I do think it is worthwhile to occasionally point out what seem to be anomalies in the capital markets and then try to determine what I (or they) may be missing. …

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