Investing

My first piece about asset allocation set out my framework for both strategic asset allocation and tactical asset allocation, as well as...

This is my fourth and final piece on value investing. Next year’s four will be on the topic of behavioural investing. In light of Richard...

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

The three funds my team manage are all multi-asset, investing in equities, bonds, and specialist investment trusts that themselves invest...

My framework for thinking about asset allocation and thus portfolio protection is based around business cycle analysis. It is well...

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,...

I know I bang on about this, but value investing is about so much more than buying low price-to-earnings or low price-to-book stocks....

I’m thinking about launching a smart beta ETF called the “Smart Alpha Smart Beta ETF”. It would invest only in shares that go up. At the...

My note: this piece was written by Julian Marr and captures nicely many of my beliefs about multi-asset investing and investing more...

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...

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

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

From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. The whole point...

This article is about the new investment process that was introduced while I was chief investment officer at Seneca Investment Managers,...

“If you’re going to burn a bridge, make sure you’ve crossed it first.” Whoever said that might well have been referring to the bridge...

From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. I’m thinking...

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...

We employ two types of asset allocation: strategic and tactical. The strategic asset allocation for a particular fund represents the...

This article is about the new investment process that was introduced while I was chief investment officer at Seneca Investment Managers,...

I mentioned at the start of this letter that we had been shortlisted for two prestigious awards. We were nominated in two of 18...

In light of my views on the next global downturn as set out in an earlier post, I thought it would also be worth touching on the...

From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. We think that...

I recently came across a paper written in 2008 by Robeco’s Pim van Vliet and David Blitz entitled Dynamic Strategic Asset Allocation:...

I was fortunate to have spent twenty or so years working in Asia. It has been – and continues to be – the highest growth region in the...