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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 do managers of index funds do all day?
“It is often said that a monkey could run an index fund. Nothing could be further from the truth. Precisely tracking an index requires a very high degree of market savvy, discipline and nerve.” William Bernstein, The Four Pillars of Investing ...
Tugendhat: Asset management fees are a stealth tax on all of us
Advocates of indexing like myself have been given all sorts of labels over the years, but the one that really makes me smile is “Bolshevik”. That particular insult (if indeed you consider it one) came in a rather bizarre opinion piece in the...
Five things I learned in South Africa
In 1996 I spent two unforgettable months working as a journalist in South Africa. It was a time of huge excitement — Nelson Mandela had been in power for little more than 18 months — but there was also huge apprehension about the future.
#SFTW Now the good news — Transparency is coming
SOMETHING FOR THE WEEKEND Transparency For anyone who wants to see a fairer, more transparent asset management industry, this five-minute interview is compulsory viewing. Transparency. It features Andy Agathangelou, founding chair of the Transparency Task Force, of which I have recently become an...
Andy Agathangelou: The campaign for transparency in asset management
For anyone who wants to see a fairer, more transparent asset management industry, this five-minute interview is compulsory viewing. It features Andy Agathangelou, founding chair of the Transparency Task Force, of which I have recently become an Ambassador. In the video, Andy...
John Oliver demolishes active fund management
I’ve always liked John Oliver, but I’m now an even bigger fan of this Birmingham-boy-made-good after a hilarious takedown of the financial services sector on American television. It first aired in the US eight weeks ago. Frustratingly, it has only just been...
