… for measures of diversification such as R-squared and tracking error. R-squared measures
the percent … R-squared and tracking error are the measures that should be used to determine …

The importance of investment policy can be, and has been, measured in a variety of ways.
The most widely quoted study measures policy's role in explaining the variance of returns; it …

… he editors, Ken Phillips and Ron Surz, would like to acknowledge our contributor: The
Managed Funds Associates; Thomas Schneeweis; Richard Spurgin; Thomas Zucosky; Brian A. …

The Department of Labor’s (DOL’s) new rules for Qualified Default Investment Options (QDIAs)
advance three investment options: Target Date Funds, Balanced Funds and Managed …

… Surz is also a principal of Risk-controlled Growth LLP, a fund-ofhedge-funds manager. He
is active in the investment community, serving on numerous boards, including the CFA Institute…

… If money in the pension fund earns at a tax-free annual rate of r per cent, money in the
corporation earns at a taxable r' (which equals (1 -T)r) per cent. For a liability to be met at time N, …

The article discusses stock diversification, and its effectiveness as an investment strategy
when stock prices fall. The author examines stock market performance in 2006, and during the …

At $2 trillion and growing, target date funds have become the most important investment in
401 (k) plans, yet these funds are still in their infancy, having effectively launched with the …

… by Morningstar and Surz. Both index series are readily available on a wide variety of platforms,
such as Zephyr and MPI. Morningstar is available for US stocks, while Surz indexes are …

Core investing has been around for a long time but no one has ever questioned the meaning
of “core” nor has anyone ever asked if there might be different kinds of core for different …