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Private equity returns are broken: the case of David Lloyd
Private equity returns have collapsed as the $3.2 trillion exit crisis deepens. Why David Lloyd's sale to itself reveals an industry model that's fundamentally broken.

Robin Powell
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Fidelity's active funds: how good are they really?
Fidelity's active funds built their reputation on Peter Lynch's legendary returns. But 30 years of data reveals zero funds with statistically significant outperformance. Most telling? Fidelity's own $723 billion bet on zero-fee index funds—bigger than its flagship active fund. When Peter Lynch's company stops backing Peter Lynch's strategy, the evidence speaks louder than marketing.

Robin Powell
Oct 259 min read


Active fund fees: how inflated are they?
New research reveals active fund fees are far too high for the value they add. So how much is active management actually worth? Investors...

TEBI
Jun 306 min read


Are active funds better in bear markets?
It is often claimed that active funds offer greater protection in falling markets. Unlike index funds, active managers can hold cash or...

Robin Powell
Apr 133 min read


Avoid advisers who recommend active funds
Before choosing a financial adviser, it is essential to ask the right questions. One of the most revealing is whether they recommend...

Robin Powell
Apr 63 min read


The "purposeful inertia" that preserves the status quo in asset management
Why does asset management move at a snail's pace? A new book claims it's down to the "purposeful inertia" of entrenched interests.

Robin Powell
Jan 274 min read


Two warnings for investors choosing active funds
Choosing an active fund can seem like a smart move, especially when a fund has delivered strong results in the past. But past performance...

Robin Powell
Aug 25, 20244 min read


How do active funds perform?
Active funds promise market‑beating returns through clever stock‑picking and timely trades. Yet the evidence shows that very few deliver. ...

Robin Powell
Jul 21, 20242 min read
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