…that they’re adding value more than before. “In the old days,” he explains, “managing money was all about relationships. Now, there are a lot of data and statistics and a…
Search Results for: value
Six Common Misconceptions About Factor-Based Strategies
By Jack Forehand, CFA (@practicalquant) Factor strategies have grown exponentially in the past decade. Almost every major asset manager now offers their variation of things like value, momentum, quality, and…
It's a Great Time to Be an Active Manager
…notes that moves by index funds can drive prices to extremes, which then creates opportunity. “If you’re someone like me who is a value manager focusing on the intrinsic value…
The Gains and Losses Associated with Locking Up Money
…twitchiest on earth.” According to the data, the total value of shares traded relative to average market cap (called the portfolio turnover ratio) was 133% in 2017, which equates to…
Black Rock Money Manager on the Retirement Crisis and Climate Change
…the traditional asset manager who has “already read every research report, attended every conference, interviewed every management team.” Without an information edge, he says, “it’s very hard to generate value…
Is Any Hope for Value Investing Postponed?
…emotion out of investing.” · The increase in “capital-light companies means traditional value metrics such as price-to-book don’t work anymore.” · Low interest rates benefit fast-growing companies, “and so punish struggling value…
This Value Investor Sees a Comeback in the Offing
Atlantic Investment Management founder Alexander Roepers thinks things are about to change for value investors, according to a recent article in Institutional Investor. In a report published last month on…
Value Investing Might Be Dead and Here's Why
“Value investing might have lost its value,” according to a recent CNBC article, citing comments from asset management company AB Bernstein that describe the classic strategy as “increasingly irrelevant thanks…
Five Questions: Questioning Conventional Wisdom With Lawrence Hamtil
…to refine my thought process in many areas. For example, it helped me see how much of the underperformance of value investing in recent years can be explained by the…
The Fee Free-Fall Will Continue
…continue through 2025. “As pricing pressure intensifies, firms should look for creative ways to price their products to satisfy investor demand for value. Aligning fees with performance may help, but…