The authors empirically investigate the investment impact of commonly used manager
selection heuristics that involve redeploying assets from underperforming to outperforming …

We survey 218 institutional investors from 22 countries representing over $4.1 trillion in AUM
to understand the drivers of forbearance in the termination of external asset managers …

Companies lose an average of $1,000 in profit each year for every employee who feels
disengaged and uncommitted to the firm's success. Employee engagement is critical to an …

Abstract Since 2011, Morningstar has issued Morningstar Analyst Ratings on many of the
largest mutual funds in the United States. In June 2017, Morningstar launched the …

We analyze the problem that fiduciaries face when monitoring and selecting from a universe
of active mutual funds within a defined contribution (DC) plan. In a DC plan a fiduciary must …

Abstract Defined Contribution (DC) Plan (DCP) fiduciaries are often faced with conflicting
perspectives when it comes to executing their responsibilities and terminating …

Substantial evidence supports factor return predictability, yet evidence also indicates that
investors are not reaping, to the greatest extent possible, the excess returns commensurate …

For investors, one question stands above all others:“How do we identify outperforming
managers?” Every year, institutional investors issue hundreds of RFPs seeking managers to …

本論文は, 日本の企業年金の投資運用におけるパフォーマンスを算出し, 長期間継続してきたと見
られるリスク回避傾向について分析をしたものである. 多様な退職給付制度を組合せて企業の財務 …