The Fall of Performance Investing?

IFC
Tuesday, September 30, 2014

A recent paper of Charles Ellis’ was published in the July/August 2014 issue of the Financial Analysts Journal. It is titled: “The Rise and Fall of Performance Investing.” The paper chronicles the history of institutional investment management, describing the proliferation of investment consultants that resulted from early success in beating the market some 50 years ago. Ellis describes the market climate in 1964 and contrasts it to today.