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

Jul 31, 20193 min read

Take a Stand Against Mediocrity

The investment profession is one I have often said that I both love and loath. I love the company or country analysis; and the fact that...

Jul 31, 20195 min read

Active Management and the Predictability of Markets Redux: Eugene Fama

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...

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, 20183 min read

Lessons from Scandinavia

The fund industry is not like other industries. With most consumer products, you know what you are getting. Furthermore, if they break,...

Jul 31, 20183 min read

Some Home Truths for Investors

American author and publisher William Feather once noted, “One of the funny things about the stock market is that every time one person...

Sep 30, 20176 min read

Five Points about Active Management in the Multi-Asset Space

I was presenting a slide deck entitled ‘The Art and Science of Multi-Asset Investing’ at five venues across the country recently, as part...

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...

Jul 31, 20174 min read

An Attack on Poor Active Management

From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. I abhor poor...

May 31, 20144 min read

For Better Investment Results, Concentrate

As the Financial Times’ John Authers rightly points out, “active share” – the portion of a fund that differs from its benchmark – should...

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