- January 13, 2020
- Blog , The Portfolio Strategist - Terry Gardner
C.J. Lawrence Weekly – Following the Smart Money May Not Be Such a Good Idea
Pension, foundation, and endowment funds are often referred to as the market’s “smart money”, owing to their resources and expertise, and the smart money has been consistently reducing equity exposure to fund entrée into new and diverse asset categories. To date, returns suggest that betting...