David Levine, formally in charge of fixed income for Sanford C. Bernstein & Company, writes in the New York Times that “the best asset allocation, nearly all the time, is…
The Risk of Investing in "Smart Beta" Funds
Writing in the Wall Street Journal, Jason Zweig cautions readers against blindly investing in popular “smart beta” funds. He notes that a recent Research Affiliates study suggests “their low risk…
Historical Data Suggests Value Strategies Set Up for Big Time Comeback
John Alberg and Michael Seckler of Euclidean Technologies Management write in Advisor Perspectives that “now is a very attractive time to invest in value strategies.” They note the extensive evidence that…
Sharp Decline in Fidelity OTC Fund; Manager Staying Disciplined and Sticking to Plan
Financial Advisor (FA) reports that Fidelity’s Over the Counter (OTC) Portfolio “is taking a beating . . . that is nearly unrivaled in the U.S. mutual fund industry.” After finishing…
Making Friends With Bear Markets
If you are trying to avoid the next bear market, Validea CEO John P. Reese has some advice: Stop trying to avoid the next bear market. In a piece for…
The Battle of Stocks vs. Bonds in 21st Century – Fixed Income Winning, So Far
Writing for the Wall Street Journal, Allen S. Roth of Wealth Logic questions the continuing validity of Prof. Jeremey Siegel’s contention that stocks are less risky than bonds over time.…
Study: Well-To-Do Are More Superior Investors
Stony Brook University finance professor Noah Smith writes for BloombergView that recent research suggest “the rich [may] get richer because they know how to invest their money more effectively.” Citing…
“Portfolio Drag” as the True Cause of Underperformance
Professor C. Thomas Howard of University of Denver (also CEO of AthenaInvest) reports in Advisor Perspectives that his research shows underperformance among actively managed equity funds is caused primarily by…
Jeremy Grantham's Outlook for 2016 and Beyond
Jeremy Grantham authored a piece for Barron’s recently in which he argues that “the positive effects of low resource prices are underestimated,” maintains that we are not in a bubble…
David Samra, Top International Stock Picker, Sees Buying Opportunity
Bloomberg reports that David Samra, the Artisan Partners fund manager who won Morningstar’s international stock manager rankings for picks during the 2008 crisis and again in 2013, sees opportunity in…