Full Transparency Is a Must in This Market
In today’s market environment, investors are seeking openness and a thoughtful plan for future improvement — not past perfection.
Presenting Your Strengths in a Weak Market
How do you show investors your prudence and discipline in managing their capital when your performance-based metrics don’t tell a great story?
The 2022 Behavioral Alpha Award: Winners & Highlights
These five equity portfolio managers demonstrated exceptional skill in a challenging year.
On Decision Attribution and Déjà Vu
When the market tide goes out, investment managers must rely on true investment skill, rather than general buoyancy, to keep them afloat. The question is (and has always been) how.
The Power of Payoff
Payoff: The investment skill metric that separates the best investors from the rest.
The Behavioral Alpha Benchmark and the Active-Passive Debate
Active managers are still very much at play in today’s market, and recent findings show that the skilled ones can outperform their indexes.
Introducing the Behavioral Alpha Benchmark
It’s time to consider the quality of a portfolio manager’s decisions — not just near-term performance.
The Half-Full Glass: Active Managers CAN Outperform Index Funds, Net of Fees
In a supplement to our Alpha Lifecycle research, we find that disciplined active managers who are able to exit positions at or near the peak of their alpha curve can preserve more than 120 bps outperformance (net of fees), per year, vs index funds.
Don’t Ride a Falling Star
How did the Neil Woodford fund saga become so dramatic - and so destructive? Clare Flynn levy looks beyond traditional risk attribution and style-drift warning signals to explore how unchecked biases brought down this star manager.
REVEALED: What the fund manager said to the allocator
Despite a growing recognition of behavioral alpha, it's clear there are plenty of asset allocators who are still using a traditional framework to identify skilled managers. In the following email exchange, a fund manager challenges this status quo, advocating a new approach which recognises the value of combined human and data-driven decision-making.