There’s no telling whether winners keep winning
As market volatility persists and clients switch from growth to income mandates, fewer are holding mutual funds. Last week, investors pulled $1.37 billion out of long-term funds.
In the early 1990s, a director in the asset management division at Goldman Sachs approached Clifford Asness (above), a trader of mortgage-backed securities in his late 20s, with a proposal: Would he like to run Goldman's new quantitative research desk?
IA Clarington Investments has inked a deal with Radin Capital Partners, making Radin the sub-advisor on three of its global equity mandates.
Where do you start when you list the problems Japan faces? The country is a demographic nightmare; the government changes with the tides; and its economic "lost decade" is now over 20 years old. Still, there is value in Japan, even if the index statistics suggest otherwise.
The volatility that rocked the markets from late July through the end of August could well be the start of a longer-term trend. When there is no rising tide, clients need to rely on experienced security selection teams to raise their fortunes.
Survey data released by RBC Dexia and Accenture shows a majority of fund managers expect their company’s return on equity to remain below pre-crisis levels, and many are placing more emphasis on cost reduction and product innovation initiatives.