Investment Europe: Commonfund Prize finds no links between consultants and outperformance

The Commonfund Prize, awarded for original research relevant to endowment and foundation asset management, has been won in 2015 by researchers from Saïd Business School, University of Oxford and University of Connecticut School of Business. Their paper finds no evidence that recommendations by investment consultants to institutional investors subsequently outperformed the market.

Read the full article [investmenteurope.net]