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Portfolio Management


Rethinking the Institutional Mandate: A Compilation from Enterprising Investor

Here's a curated look at where institutional investing is under strain—and where forward-looking strategies offer paths to improve performance, oversight, and alignment.

When the Equity Premium Fades, Alpha Shines

As the equity risk premium declines, alpha becomes critical. Discover how investors can adapt through factor strategies and global diversification.

Resilience Is the New Alpha: Rethinking Risk in a Fragile World

The market has stopped applauding good intentions and started testing whether companies can withstand the world's mess.

Rebalancing’s Hidden Cost: How Predictable Trades Cost Pension Funds Billions

Rebalancing may help portfolios stay on target, but its predictability comes at a cost.

Big Funds, Small Gains: Rethinking the Endowment Playbook

Endowments heavily invested in alternatives are falling well behind low-cost indexed portfolios.

Top 10 Posts from Q1: Valuation Models, Inflationary Shocks, Private Markets

This quarter's top reads reveal what's capturing the attention of investment professionals.

Market Concentration and Lost Decades

Modern portfolio theory has taught professional investors the benefits of diversification. Maybe it is time to diversify in a more intentional way to reduce extreme market concentration.

The Alternative View: 401(k) Plans Are Better off Without Private Investments

The debate over the inclusion of private investments in 401(k) plans is a hot topic. Are DC plans better off without them?

How Do Shareholder Loans and Intangible Assets Impact PE Financials?

Investment professionals must carefully consider how shareholder loans and intangible assets influence financial ratios, as these factors materially shape the post-buyout financial landscape.

Beyond the Marketing Pitch: Understanding Hedge Fund Risks and Returns

Hedge funds can serve as legitimate diversifiers, but blind allocation is risky. Traditional risk measures like standard deviation and correlation don’t always capture the full picture.