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Extreme Hubris

Blue Whale's Steven Yiu may come to regret his decision to call publicly for 'most active managers to quit'

Tools of the Trade

In this post I set out a classiﬁcation scheme for publicly available investment funds. It is hoped this can provide those readers who ...

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...

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...

Active Versus Passive: is it Different for Multi-Asset?

I have noted in my investment letters that in the multi-asset space, funds tend to do better in relation to their passive equivalents...

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...

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...

Citywire Room 101: What Bothers Me?

Investment: I have a love/hate relationship with my industry. What I love about it is the fact that, as in sport, there is no argument...

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...

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