The CFA Institute has diagnosed yesterday’s disease while today’s patient is dying from something entirely different. By Chris Tobe, CFA, CAIA The new CFA Institute Research Foundation monograph Investment Committees: Governance and Design Choices deserves praise. It is one of the best academic treatments of investment committee behavior I have read in years. It synthesizes … Continue reading Investment Committees Are Smarter Than Ever. So Why Are Pension Governance Failures Worse Than Ever?