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

Mar 1, 20194 min read

The Myths and Misunderstandings Behind Active Share

The issue of closet tracker funds charging high fees for poor performance has been a recent gripe of the Financial Conduct Authority. It...

Dec 1, 20175 min read

A New, Simple, Comprehensive Measure of Fund ‘Active-ness’

In the spirit of Christmas, I present in this final letter of the year some truly psychedelic charts! "I guess he’d never heard of Warren...

Aug 31, 20177 min read

Yet More Shocking Findings About Active Management

From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. Most of you will...

Dec 1, 20104 min read

A Bit of Maths Will Help Clarify Fund Fee Picture

How should you judge whether a fund’s fees are worth paying? This can be a very hard question to answer in an industry where the...

Aug 31, 20104 min read

Study Finds Good Predictor of Fund Performance

Is it possible to find a simple measure that identifies skilful active managers and thus funds that will produce good returns?...

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