Has Your Consultant Evolved?
The 70-Year History of Investment Consulting: 1950-2020.
The Parable of the Divining Rod That Unearths Skillful Investment Managers.
The United States is Even More Broke Than We Think.
Don’t Be the Next Victim of Financial Fraud.
Broken Models: Model Portfolios Need Repair.
Russell and S&P Corrupt Dr. Sharpe’s Award-Winning Financial Tool. This hammer belongs in better hands.
The Folly of So-Called "Best Practices".
World Stock Market Composition.
The Rewards for Saving Active Investment Management (article).
Slide presentation also available for downloading.
The Truth About Investment Styles. What Determines Value and Growth?
What Investors Really Want from Their Financial Advisors: Can Robos Deliver?
The New Definition of Investment Manager Success: How to Tell Who’s Winning
Blame Advisors for Investment Manager Failures
A Call for Investor Action: Demand Better Investment Manager Consulting
The Yin and Yang of Change: The Compelling Case for Changing Hedge Fund Due Diligence
Smart Betas Brain-Drain Active Managers While Smarter Betas Empower Them
Searching for Brainless Alpha: The Streetlight Approach
Hiring an investment manager is like hiring a professional gambler. Mind your Ps and Qs.
RADIO: Michael Yorba of Yorba Media and Chris Clair, Managing Editor of
www.HedgeWorld interviews Ron Surz on Traders Network 2-3PM, Tuesday, August 27, 2013.
Visit HedgeWorld's blog to read postings by Ron Surz.
"Peer Into the Future of Hedge Fund Evaluation: Bring in the Clones"
Fundamental Indexes Claim to be Smart Beta, but Some are Dumb
VIDEO: Investment Manager Due Diligence from a Consultant's Perspective
Searching for Alpha in Heat Maps: Heat-Seeking Alpha
A New Era for Financial Advisors as Fiduciaries, Investments & Wealth Monitor, Investment Management Consultants Association, Fall 2012.
A New Choice in Multi-Period Investment Performance Attribution: Effective Return versus Geometric Smoothing The Journal of Performance Measurement, Summer 2012.
A Prescient Prognostication
Playing to Win
Update on Perspectives on American Depository Receipts (ADRs)
Peer Groups Will Mess You Up
Update on Style Classifications of Financial Stocks
A Challenge to Traditional Thinking: Performance Contest Shows That Better Managers are Found with Tools that Replace Indexes and Peer Groups
Investment Manager Due Diligence Needs Help
A Test of Faith: An Open Letter to Client-Facing Investment Advisors
The Truth about Core-Satellite Investing
Ruminations on the Pile of Cash on the Sidelines
Becoming Style Conscious
Effective Return: A Breakthrough to Cumulative Performance Attribution
Trust But Verify
Style Definitions in 2009. Style definitions make a huge difference, especially in 2009. Learn how style index sausage is made.
FIDUCIARY ALERT: Know the risk of target date funds.
A Handicap of the Investment Performance Horserace
The Target Date Emperor Has No Clothes
Getting All the Pieces of the Puzzle
Warning: Market Meltdown Generates Index Mayhem
Bass Ackwards: The Fishy Tale of the Index Huggers’ Edge
A Very Brief Romp of Analogies and Metaphors: Bingo, Food, Sports and Ouija Boards
The Blob Attacks Investment Manager Due Diligence: Invasion of Perilous Peer Group Bias
Chapter 28, Noble Challenges in 21st Century Investment Performance Attribution: No Place to Hide
Pedaling Lifecycle Funds: Balancing the Uphill Climb to Riches with the Downhill Need to Keep Them
Evolutionary Best Practices: Don't Feed the Lemmings (a recorded webcast requiring Windows Media Player)
Getting to the Core of Model Portfolios
Perspectives on American Depository Receipts
Accurate Benchmarking Is Gone But Not Forgotten: The Imperative Need to Get Back to Basics
Shame on the Sham A version of this paper entitled "Visit Monte Carlo to Remove the Peer Group Gamble from Hedge Fund Due Diligence" has been awarded the prestigious 2007 Kessler Award by the Investment Management Consultants Association (IMCA)
Warning! Peer Groups Are Hazardous to Our Wealth
Frequently Asked Questions about PODs
Investing to Win
The Importance of Investment Policy: A Simple Answer To A Contentious Question
The Truth About Diversification by the Numbers
Computer-Aided Pension Investment Decision Making
Getting the Drift