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Introducing our new portfolio review service for professionals
The vast majority of pensions funds, charities, endowments and other institutional portfolios have underperformed the market for decades. The way to stop the rot is to have an independent portfolio review, reduce fees and complexity, and increase diversification. From today, that’s precisely what TEBI is offering. As anyone who’s read The...
What previous market crashes teach us about this one
By PAUL D. KAPLAN from Morningstar The circumstances of the current market crash might be unique to the coronavirus pandemic, but they lead investors to wonder: Are such drops normal for equity markets, or is this different? During the global financial...
Don’t mistake style drift for outperformance
When you buy an index fund, you know what you’re buying. Whether it’s UK large-cap stocks, European small-caps or US government bonds, that’s 100% what you’re getting. Nothing more, nothing less. But when you buy an active fund, it’s very rarely that...
Study sheds light on why hedge funds are struggling
By LARRY SWEDROE In his book Winning the Loser’s Game, Charles Ellis presented evidence that while it’s possible to generate alpha (risk-adjusted outperformance) and win the game of active management (individual security selection and/or market timing), the odds of doing so...
Sparrows Capital: How we limited losses when markets plummeted
By MARK NORTHWAY from Sparrows Capital Coming off the back of a great year for markets in 2019, we have seen a disastrous start to 2020. Who would have thought we would find ourselves in the midst of a global pandemic...
What you pay a financial planner for
Over the next few weeks, we’re looking in more detail at the value of using a financial planner. If you missed Part 1 of this series, you can catch up here. In Part 2, we look at the many and varied roles...
How did different risk factors perform in Q1?
By NICOLAS RABENER Summary Beta-neutral long-short factors were largely negative during Q1 2020 Momentum & Quality are leading the performance leaderboard Investors were most negative on small cap and cheap stocks Introduction We present the performance of five well-known factors...
