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Published June 2011 | public
Journal Article

Investment Strategies and Investment Track Records

Abstract

There are two fundamentally distinct ways in which investment management services can be evaluated: on the basis of a proposed investment strategy or on the basis of an investment track record.Of the two, the track record is the gold standard. In King of Capital, David Carey and JohnMorris [2010, p.50] described the travails that Pete Peterson and Steve Schwarzman faced when they left Lehman Brothers, where Peterson had been chairman, to start Blackstone.

Additional Information

© 2011 Institutional Investor Inc. Bradford Cornell is a visiting professor of financial economics at California Institute of Technology in Pasadena, CA.

Additional details

Created:
August 19, 2023
Modified:
October 24, 2023