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Alternatives a 'loser’s game': Ennis Knupp founder

from Investment Magazine

Alternatives a 'loser’s game': Ennis Knupp founder Investment Magazine The biggest pension funds and educational endowment funds in the United States are playing a ‘loser’s game’ in the world of alternative investing, argues retired investment consultancy industry heavyweight Richard Ennis, but vested interests and dubious benchmarking practices are keeping the true stakeholders in the dark. In two recent papers analysing the returns of large US educational endowment funds and pension funds, Ennis argues alternative investments have brought consistent negative returns for more than a decade and will probably keep doing so for the years ahead. READ MORE

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