Home Alan Daxner

The paradox of DC investment performance

Investors generally understand the interpretation of annualized investment performance. However, when it comes to making investment decisions, investors tend to place undue importance on recent investment performance. As a group, investors consistently believe there is information in recent past investment performance that will help them select future outperforming strategies. But emerging research suggests that this […]

  • April 20, 2011 September 13, 2019
  • 10:21

Equity Insights and Market Bubbles

Asset bubbles: how do they form and what happens when they burst? Asset bubbles have been a part of the investment landscape for centuries. A review of several famous historical asset bubbles helps us build and describe a framework to understand the anatomy of these phenomena. Within this framework, a description of several recent asset […]

  • April 1, 2009 September 13, 2019
  • 00:00

Investment Manager’s Perspective

Opportunities and pitfalls. The first part of the presentation focused on the observation that plan sponsors have a tendency to overestimate the importance of short-term performance of their investment managers, which can lead to sub optimal hiring and firing decisions. Typically, plan sponsors will evaluate their investment manager’s performance over a three- to five-year period, […]

  • April 1, 2008 September 13, 2019
  • 00:00