Murder on the Orient Express: The Mystery of Underperformance

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Financial Analysts Journal
July/August 2012 | Vol. 68 | No. 4 | 7 pages
Source: CFA Institute
Charles D. Ellis, CFA

US$0.00 Member | US$0.00 Candidate | US$15.00 Nonmember

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Summary

Evidence increasingly shows that a “crime” of extensive underperformance has been committed in mutual funds, pension funds, and endowments. In a pattern reminiscent of Agatha Christie’s famous novel Murder on the Orient Express, an investigation leads to a surprising, if inevitable, conclusion: The usual suspects—investment managers, fund executives, investment consultants, and investment committees—are all guilty.

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Topics
  • Portfolio Management:
    • Mutual Funds, Pooled Funds, and Exchange-Traded Funds (ETFs)
    • ·
    • Endowment Funds and Foundations
    • ·
    • Investment Manager Selection
    • ·
    • Equity Portfolio Management Strategies
  • Behavioral Finance:
    • Institutional Investor Decision Making
Credits · About the CE Program
0.5 CE (including 0.5 SER) Manage CE Credits

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