01 / 10 / 2012
by Charles Skorina | Comments are closed
Performance for pay: Is your CIO cost-effective?
(Check the 3 charts below)
For our internal use and to help our clients, we compile data and track the performance of hundreds of CIOs and asset managers. Recently, we extracted and published a list of the 50 highest-paid nonprofit CIOs, which some readers seemed to like.
This time, we've started with that same list and tried to answer the question: who among these well-paid managers provides the most performance relative to their paychecks?
Specifically, we looked at their investment returns over the most recent five years, computed how many basis points they earned per $100 thousand of compensation, and then ranked them all by that measure of performance-for-pay.
We'll have more to say about what it all means further below. But, without further ado, here's the ranking of the highest-paid nonprofit CIOs according to the almost-famous Skorina Performance-for-Pay Index.
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11 / 30 / 2011
by Charles Skorina | Comments are closed
Pushing back on fees; Talking to the top guns
Comings and goings: Alaska, New York, Illinois, California, and Connecticutt
What we're reading: Pushing back on private equity and hedge fund fees
The view from Phoenix: A conversation with Paul Matson, AZ Retirement System
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10 / 04 / 2011
by Charles Skorina | Comments are closed
09 / 27 / 2011
by Charles Skorina | Comments are closed
08 / 31 / 2011
by Charles Skorina | Comments are closed
Special report - Should smaller endowments and foundations manage their own money?
The Zen of In-sourcing: Can small institutional funds resist the out-sourcers? Should they even try?
What is the sound of one small institution managing its own money? It's not very loud, apparently, compared to the racket from all the people who want to do it for them.
Should smaller tax-exempt funds just give up managing their own portfolios and succumb to the siren song of outsourcing? I think the answer is: Not necessarily.
In a previous letter I presented mini-case-histories of two smallish college endowments which recently chose to outsource.
In this special issue, I look at the other side: some small funds which have eschewed outsourcing, and are doing just fine, thank you very much. Reports from the field suggest that resistance to outsourcing may not be futile at all.
Further below: we gather some wisdom from Jack Rich, CIO at Abilene Christian University; and, for you left-brainers, some statistics -- my take on how many institutions are in this "small investor" category.
-- CAS
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