Tiny Activist Fund Making Big Impact

Ben Axler’s hedge fund firm Spruce Point Capital is making a name for itself as a short seller—as well as some handsome returns—through deep-dive research. This according to a recent…

Factor Investing is Falling Short

The attempts by pension funds and endowments to earn equity premiums by incorporating factor-based funds into their portfolios has fallen short, instead leaving them with uncompensated risks. This according to…

On Telling Luck from Judgement

A recent article in the Financial Times cites the example of Neil Woodford, once a darling of the investment community, whose recent years of underperformance represents a cautionary tale regarding…