Financial advice consolidation in the UK has put private equity in control of hundreds of firms. Here's what vertical integration and hidden conflicts mean for your money.
When Cathie Wood declared index funds "a form of socialism", she joined decades of active managers attacking passive investing on ideological grounds. But proxy voting data reveals something awkward: ARK voted with management 99.2% of the time versus Vanguard's 98.5%. We examine the evidence on index fund governance, ARK's performance record, and why "passive investing destroys capitalism" rhetoric intensifies when active managers underperform.
Robin Powell
Oct 29, 202510 min read
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