Persistent flows from active to passive management have altered the very structure of U.S. financial markets and raised a number of essential questions, including: What is driving these flows?  Do they make active management easier or harder? What are the...

A frequent question we get from Investment Committee members is, “How will the role of the Investment Committee change when we hire an OCIO?”  Our response is straightforward: The committee’s primary role of setting strategy, policy setting, and oversight is...