What to expect from fund managers who follow your investment mandate. You hope that the fund managers that you hire have skill.  But markets are noisy so it is [...]

A study has come out of Cass Business School that investigates a number of ways of building equity indices.  Andrew Clare, Nicholas Motson and Stephen Thomas, of course, include [...]

Exploring the quality of predictions using random portfolios and optimization. Previously "Simple tests of predicted returns" showed a few ways to look at expected returns at the asset level.  [...]