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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...
The fleeting nature of alpha
By MURRAY COLEMAN Active fund managers tout how much “alpha” they can deliver for investors. Besides representing a Greek letter, this terminology in finance represents how much “excess” return a fund makes relative to a comparative index. But a host of...
Financial literacy education that actually works
You might have thought that state-funded financial literacy education was a no-brainer. Studies around the world consistently show that far too many young people enter the adult world without even a basic understanding of personal finance. Surely providing lessons in schools and...
Private equity returns may not be what they seem
It’s easy to see why institutional investors are keen on private equity. It’s a useful diversifier for a start. It also offers the potential for higher returns than publicly listed equities at a time when, for different reasons, trustees are under more...
Rick Ferri on life after Bogle
It was seven years ago that I first met Rick Ferri. I was at a Bogleheads conference in Pennsylvania — an annual event to discuss and celebrate the philosophy of the late Jack Bogle — and I was interviewing Rick for a documentary about...
Fund performance jiggery pokery
By CRAIG LAZZARA, Managing Director and Global Head of Index Investment Strategy, S&P Dow Jones Indices Robin writes: One of the misconceptions about the campaign for transparency in asset management is that it’s all about costs. Hugely important though fees and...
Do sustainable investors behave better?
There’s been plenty of research in recent years, and rightly so, on the performance of sustainable, or ESG, funds. More and more people are choosing to invest in a way that reflects their personal values, and it’s fair to say the jury’s...
