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


No Such Thing as a Free Lunch
In my Last Word column in May this year I wrote about investment fund blow-ups, with a focus on the debacle of Allianz’s Structured Alpha...
Peter Elston
Dec 1, 20214 min read
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Message from The Oracle
‘Investing in the future, not the past’ is the theme for this month’s magazine and sounds eminently sensible. Obvious even. Surely it...
Peter Elston
Jun 1, 20213 min read
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Keeping it Simple – How to Add Value Effectively Through Tactical Asset Allocation
Take a look at the equity weight over time of some multi-asset funds and you’d have thought that the manager was at best flipping coins...
Peter Elston
Nov 1, 20174 min read
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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...
Peter Elston
Oct 1, 20176 min read
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Complexity Versus Simplicity
I am an advocate of the principle of ‘keeping it simple’. The three funds that my team at Seneca and I manage are all multi-asset,...
Peter Elston
Jun 1, 20175 min read
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Fund Objectives and the Search for Harmony
From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. We think that...
Peter Elston
Mar 1, 20176 min read
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The Seven Deadly Sins of Multi-Asset Investing
Investing is an activity that’s rife with opportunity to fall into bad habits, be led astray or make decisions for the wrong reasons....
Peter Elston
Feb 1, 20146 min read
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QE: an Addiction that is Proving Impossible to Break?
Austrian-born restaurateur Wolfgang Puck was an unusual but highly entertaining speaker at an investment conference I attended recently....
Peter Elston
Oct 1, 20135 min read
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Intelligent Investing
Intelligent investing is not necessarily easy, but that doesn’t mean it has to be complex. There are significant returns to be made if...
Peter Elston
Sep 1, 20137 min read
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Where's My Cycle?
An update on where I think we are in the business cycle with respect to growth, inflation and markets


Correlation or causation?
Data is too often presented in an unfair, unclear and misleading way


Dear John
Liontrust's John Husselbee's arguments in support of balanced funds are lame
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