Sort content by
Investment Think Tanks

Stanford professors challenge thinking

Investors were challenged to think differently about their portfolios by the latest academic thinking from Stanford University at a one-day investment roundtable in California last week. Chief investment officers from US public and corporate pension funds, endowments and foundations convened at Menlo Park, the home of Stanford University, for a one-day investment think-tank. Three finance […]
Amanda WhiteFebruary 12, 2014
Investment Think Tanks

PE LPs overweighting home-state is hurting returns

New research finds institutional investors favour investing in private equity general partners that are located in the same state as their organisation. This is intuitive as local knowledge and contacts attract investments. However research from Stanford University finds this bias is coming at a large cost – about $1.2 billion a year – particularly for […]
Amanda WhiteFebruary 12, 2014
Investment Think Tanks

Active management: turning the argument on its head

One of the enduring areas of asset management academic study, and practitioner query, is whether or not managers have skill. In his work, professor of finance at Stanford, Jonathan Berk, shows the answer doesn’t lie in returns but in manager compensation.   Determining whether active skill exists is not the same as looking at whether […]
Amanda WhiteFebruary 5, 2014