OCIO Watchdog Calls Out California Pension for Custom Benchmark

October 31, 2022 | Justin Mitchell FundFire

Re: A Discussion of broad static v specific dynamic benchmarks

This sort of “benchmark obfuscation” comes up often, said Christopher Cutler, president of Manager Analysis Services, a search consultant and due-diligence provider, in an email.

“A detailed manager-by-manager analysis of performance against underlying benchmarks helps cut through dense fog and brings a clearer picture of alpha,” he wrote.