Key Points – The active vs. passive debate stretches beyond the question of whether active funds outperform their passive counterparts. – Besides performance, other considerations are crucial in understanding the debate from both theoretical and practical standpoints. The debate between active and passive investments has always revolved around whether active funds can outperform their passive counterparts. However, it’s essential to … Read More

Key Points Only 35% of US workers describe themselves as highly engaged, while more than half say they are not engaged. Employee engagement is not high for investment firms, and staff members aspire to more engagement. The three factors contributing to engagement and motivation are Mastery or Excellence / Continuous Improvement (Mastery / EC), Autonomy, and Purpose. That old joke … Read More

Key Points: – Large public pension funds underperformed passive investment by 1.0% per year in the decade ended 30 June 2018. – Public pension funds are high-cost closet indexers, and the majority are expected to underperform in the future. – The cost equation yields an estimated investment expense of 0.98% of asset value for the composite of public pension funds. … Read More

Key Points AI is revolutionizing the financial industry. Challenges in product distribution for institutional investors. Three phases of transforming mutual fund distribution with AI. Finance is in the midst of a revolution. Processes are being digitized. Decisions are becoming increasingly data-driven and approached from the bottom up. Artificial intelligence (AI) is taking care of business while we work from home. … Read More

Many people have dreamt of becoming a professional athlete, such as playing in the National Basketball Association (NBA) with legends like Michael Jordan. However, the odds of making it to the NBA are extremely slim. In fact, the probability of a college player going pro is just 1.2%. But when it comes to African-Americans making it in the investment management … Read More

Reflecting on her first experience in a trading room, the author recalls the high energy and vibrant environment that fueled her desire to change her career path. Despite lacking the required background or experience, she was given the opportunity to learn the ropes of institutional foreign currency sales. The article features insights from three successful women traders, showcasing their experiences, … Read More