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Investors in smart beta strategies will and should expect bouts of underperformance, according to John West. In anticipation of this, owners and agents are encouraged to align their respective incentives and long-term interests.
By John West Vitali Kalesnik Mark Clements
January 2017 | Read Time: 25 min
Lengthening the evaluation horizon, combining robust strategies, codifying investment beliefs, and improving communication can strengthen—and prolong—the principal–agent relationship.
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