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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 Woodford teaches us about illiquid assets
By MARK NORTHWAY The issue of liquidity transformation in funds is not new. Open-ended property funds managed by Standard Life, Columbia Threadneedle, Janus Henderson, M&G and Aviva had to suspend withdrawals after a run on liquidity following the Brexit vote in...
Woodford shows we need more journalism like this
I’ve written many times about the need for serious investigative journalism into the investing industry and, in particular, the incentives for intermediaries to promote costly active funds. Almost all of Britain’s national newspapers have been culpable at some point of misleading the...
Proud to be a Boglehead
I attended my first Bogleheads conference six years ago, at a hotel in Pennsylvania. As a journalist, I’ve attended some pretty wacky “fan” events in my time — conventions for old TVs shows, Elvis festivals and the like. But a conference to celebrate...
Woodford Funds: The choice is yours
As you might imagine, the meltdown at Woodford Funds has kept me busy over the past few days. There are almost hourly developments, as new information comes to light about the events leading to the suspension of the company’s Equity Income fund....
What Neil Woodford and Arsenal FC have in common
There’s only one story in town this week as far as the UK financial media is concerned. Neil Woodford, once hailed as Britain’s answer to Warren Buffett, appears to be fighting to save his reputation and career. He suspended his flagship fund...
Neil Woodford, a lesson in humility
Readers in the UK will know who Neil Woodford is. For those outside these shores who don’t, he’s investing Royalty. He famously outperformed his peers over many years as manager of the Invesco Perpetual Income Fund. When, five years ago this month,...