Although the markets “treated investors kindly last year,” a recent Morningstar article points out that most active funds lagged their benchmarks. Morningstar conducted a study of calendar-year total returns of…
Day: February 10, 2020
The Importance of Diversification
A recent article in Vanguard argues that diversification is the best way to control the risk that is necessary to generate portfolio returns. Here are the main takeaways: Fund type…
Seth Klarman Defends Value Investing
In a letter to clients, billionaire hedge fund manager Seth Klarman suggested that value investing will have its day in the sun once again. This according to a recent CNBC…
Why Rebalancing is Important
Those investors who have let the extended bull market drive their equity allocations higher without rebalancing “may be holding riskier portfolios than they initially signed up for,” according to a…
The Hot “Quant” Industry is Suffering a Winter
The exciting frontier of quantitative investing, which has drawn huge inflows over the last ten years, is suffering a rough patch that is raising questions, according to an article in…
Is Private Equity Fooling Investors?
A recent CFA Institute article considers whether private equity (PE), which it describes as the most popular alternative asset class, provides “uncorrelated returns relative to equities.” Here are some key…
Excess Returns: Ep. 10: Lessons From Our Most Read Five Questions Interviews
In this week’s episode of Excess Returns, we talk about the biggest lessons from the first year of our Five Questions interview series. Our Five Questions series features in depth…