Peter ElstonJun 1, 20144 minFor Better Investment Results, ConcentrateAs the Financial Times’ John Authers rightly points out, “active share” – the portion of a fund that differs from its benchmark – should...
Peter ElstonJan 1, 20144 minActive Management and the Predictability of Markets – Eugene FamaThat it is possible to add substantially more value to customers' portfolios than is subtracted from them in fees is the basis of the...
Peter ElstonJan 1, 20134 minSkilled Managers do ExistJohn Authers asserts (“Quest for test of investment skill persists”, January 11) that nobody can tell which “investors are more skilled...
Peter ElstonFeb 1, 20114 minMaking the Most of an Investment EdgeWhether in skill games like Poker or luck games like Blackjack, repeatable success requires tilting the odds in your favour, then betting...
Peter ElstonDec 1, 20104 minA Bit of Maths Will Help Clarify Fund Fee PictureHow 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...
Peter ElstonSep 1, 20104 minStudy Finds Good Predictor of Fund PerformanceIs it possible to find a simple measure that identifies skilful active managers and thus funds that will produce good returns?...
Peter ElstonAug 1, 20074 minWhy There’s No Market Turmoil on VulcanIt is hard to think of something to say about the recent upheaval in world financial markets that hasn't already been said either this...