A recent Bloomberg article recounts an interview with Peter Kraus, the former CEO of Alliance Bernstein and the man who advocated for performance-based fees for fund managers. While Morgan Stanley…
Day: May 4, 2018
Investing: A Historical Perspective
An article in CFA Institute provides a historical overview of the finance industry over the past century, assigning memes to different periods: “Diversify Thy Portfolio: 1924-1974”—The invention of the first…
The Active Money Manager Model No Longer Works
“Active money managers have underperformed benchmarks for far too long in one of the greatest bull markets in history,” according to a recent article in Bloomberg. As a result, the…