The Latest on Equities, Bonds, Economics, Behavioural Investing, Climate Change & More

As many will know from bitter experience, a crisis often has two stages. The first is the crisis itself, whether a natural disaster that...

The University of Cambridge’s Centre for the Study of Existential Risks conducts research in three areas: risks associated with...

There is little doubt that low interest rates have been causing savers and investors difficulties in recent years. In decades past, not...

Michael Burry, the doctor-turned-hedge fund manager who foresaw the bursting of both the tech and subprime bubbles, has just revealed...

This post is the final of four in a mini-series on the subject of active management and the predictability of markets. The first three...

This is the third in a series of four posts dedicated to the subject of financial market predictability. In this month’s letter, I look...

This is the second in a series of four posts dedicated to active management, focussing on some of the key figures involved in the study...

I feel very fortunate to have had the opportunity to live and work abroad for a number of years. Tokyo, Hong Kong and Singapore were not...

According to Moody’s, total assets in passive funds in the US will overtake those in actively managed funds in 2021. In light of this...

For such a simple word, risk is quite hard to define. It is generally agreed that it pertains to danger of some sort, but that is where...

The last two equity bear markets - in 2001/2 and 2008/9 - saw rolling three year returns from global equities at their trough hit -45 and...

A lot of attention in the media recently has been devoted to the inversion of the yield curve in the US in late March. There is one main...

Income continues to be the principal concern for many investors in the UK - both in the run-up to and throughout retirement. Reinvested...

The term “gold bug” has been popularised in recent decades as a reference to ardent fans of gold investment. The almost imperceptible...

2018 was looking all fine and dandy up until the beginning of October. Equity markets, though having been driven by a small number of...

From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. 2018 was looking...

October was clearly a bad month for equity markets around the world, with the MSCI AC World index falling 6.9% in local currency terms....

From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. Last year we...

In June, we moved to a zero weight in US equities across all our funds. This is obviously a very high conviction position given that the...

Equity markets were generally strong in July, as investors appeared to shrug off fears of a global trade war. US and Eurozone equities...