'The Value of the Chartered Financial Analyst Designation' Perspectives from a Survey of Public Employee and Teacher's Retirement Systems

Posted: 28 Jan 1999

See all articles by Christopher B. Tobe

Christopher B. Tobe

Stable Value Consultants

Kenneth R. Miller

Kentucky State Auditor's Office - Department of Investment

Abstract

Public employee and teachers' retirement systems that employ CFA charterholders pay lower total investment fees. Overall, the authors conclude that savings produced by employing CFA charterholders as investment professionals in terms of total investment management expenditures at public employee and teachers' retirement systems justify the hiring of CFA charterholders in investment management roles. There was also some evidence that CFA Charterholders select more diversified portfolios.

JEL Classification: G0, G2

Suggested Citation

Tobe, Christopher B. and Miller, Kenneth R., 'The Value of the Chartered Financial Analyst Designation' Perspectives from a Survey of Public Employee and Teacher's Retirement Systems. Available at SSRN: https://ssrn.com/abstract=144417

Christopher B. Tobe (Contact Author)

Stable Value Consultants ( email )

Louisville, KY
United States

Kenneth R. Miller

Kentucky State Auditor's Office - Department of Investment ( email )

Louisville, KY 40206
United States

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