If you are like me, most of the Investment Committee meetings that you lead focus on investment fund performance. Unfortunately, there isn’t much anyone can do about past performance. A recent survey of Investment Committee practices conducted by Vanguard Investment Counseling & Research shows that most Investment Committees spend the majority of their meeting time talking about things they can’t do anything about. The biggest offender – past investment fund performance.
According to the Vanguard survey, the average Investment Committee spends 51% of its time talking about past performance – more than all other issues combined. Additional items that Vanguard believes Investment Committees should spend less time on include:
