A major question for managers that were created solely as OCIOs is how to evaluate performance.
Abraaj's collapse may mirror the Bernie Madoff scandal, but the problems with Mr. Madoff were there to see for those who looked carefully.
A reaction to a recent P&I editorial about the Standard-of-Living indexed, Forward-starting, Income-only Securities) proposal.
There are key benefits to the OCIO model, but there also exists great opaqueness, and the need to properly monitor tactics and fees.
Active share is a fad, and like most fads, it will fade away.