The late David Swensen was the well-known Chief Investment Officer of Yale University. He was also an outspoken advocate for investor protection.
While performing some research for a brief, I ran across this op-ed, “The Mutual Fund Merry-Go-Round,” that David wrote for the New York Times. Time has diminished neither its accuracy, relevance or importance.
I am an ERISA/securities attormey, CFP Emeritus, and Accredited Wealth Management Advisor. I am also a former securites compliance director, I provide forensic investment analyses to help 401(k)/403(b) plan sponsors and other investment fiduciaries avoid legal liability exposure and protect their financial well-being. I am the creator of the Active Management Value Ratio metric, which analyzes the cost-efficiency of investments for investment fiduciaries and attorneys.
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