by Patrick Burns.
Abstract: The current practice of fund management can be altered to improve the lot of both the investor and the fund manager. Tracking error constraints in mandates can be replaced by an evaluation of the added value provided to the investor by the fund manager. The value of the manager depends not only on the outperformance of the manager’s fund, but also on its volatility and its correlation to the rest of the investor’s portfolio. Hyperpassive funds — an approach suggested by the new mandate scheme — show promise.
jun 25, 26
How to have a better chance of a good outcome. Making mistakes There’s been a lot of talk recently about data analysis problems with spreadsheets. If you’ve not stuck your [...]
jun 25, 26
The AllTrials campaign is pushing for all data on drug trials to be made public -- see the campaign statement. If the public has all the evidence rather than a [...]
jun 25, 26
Here is an interview with Ron Hochreiter, Assistant Professor at WU Vienna University Economics and Business. In 25 words or less tell us what you do (using German words is [...]