Newsmakers

The Endowment Effect: A Mind-trap Among Investors

The cognitive tendency among investors to get caught up in the endowment effect -- a mental roadblock that can cause investors to hold onto something too long -- applies to shares, bonds, and funds in a portfolio, a newly released report by Morningstar concludes. 

The Profile: Jim Dunn, CIO, Wake Forest University

Jim Dunn of Wake Forest University speaks with aiCIO on his commitment to running the $1.5 billion university portfolio, and -- compared to its public pension counterparts -- the greater tools, control, and flexibility granted within the endowment arena.   

GMO: Beware of Beta as a Measure of Risk

New research from Grantham, Mayo, Van Otterloo & Co. (GMO) explores the anomalies in investment strategies that generate returns greater than expected in light of their perceived risks, warning investors to be cautious of perceived inefficiencies in the market. 

Most Europeans Unaware of Pensions Timebomb

Most European Union citizens do not think there is a need to raise the official retirement age in the next 20 years, despite acknowledging increased longevity.