The art of selecting investment managers

April 20, 2012

The evaluation and selection of investment managers is both an art and a science.

The process entails both qualitative and quantitative analysis, and it is the qualitative aspects we focus on in this paper. We review Meketa’s framework for manager analysis and discuss how managers are evaluated and selected. We also provide insights into how portfolios are managed and highlight attributes we prefer to see incorporated in the portfolio management process.