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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...
#SFTW: Fiduciary Rule RIP?
SOMETHING FOR THE WEEKEND It’s too early to draw any firm conclusions, but at the time of writing it appears that the Trump Administration may be starting to dismantle the DOL Fiduciary Rule introduced by President Obama to give US investors greater protection from...
The LGPS is a national disgrace
I’m sure there are plenty of things that Michael Johnson and John Clancy don’t see eye to eye on. Johnson is a Research Fellow at the right-leaning Centre for Policy Studies; Clancy is a Labour councillor and leader of Birmingham City Council....
Tell them today
“Time is too slow for those who wait, too swift for those who fear, too long for those who grieve, too short for those who rejoice, but for those who love, time is not.” Henry van Dyke For those who aren’t familiar...
Active management’s ‘strength’ is its biggest weakness
It’s one of the ironies of active asset management that its perceived strength is also its biggest weakness. To quote Crispin Odey, the billionaire hedge fund manager who somehow managed to lose half his clients’ money in 2016, passive investing is “mindless”....
Financial journalism is too important to leave to amateurs
I spent 25 years in mainstream journalism and enjoyed almost every minute for it. The buzz, for me, was having to get your head around complex subject matter in a very short space of time. There’s nothing like the adrenalin rush of holding...
If only we’d listened to Charley 40 years ago
There’s a must-read article by Charley Ellis in the Financial Times today. Charley, a good friend of this blog, famously wrote in the mid-1970s about active management being a loser’s game. In the latest article, Charley explains why that assessment has become...
