ESG (In)Efficiency | CFA Institute Enterprising Investor
Passive environmental, social, and governance (ESG) investing has become increasingly active. It’s time for a rethink. Assets have poured into passive ESG indexes in recent years. ...
active management
The Active Management Delusion: Respect the Wisdom of the Crowd
“My basic point here is that neither the Financial Analysts as a whole nor the investment funds as a whole can expect to ‘beat the market,’ because in a significant sense they (or ...
Active vs. Passive Revisited: Six Observations
Two institutional managers I know — one at a Fortune 500 defined benefit pension fund and another at a municipal pension fund and later an endowment — believe in going all-in on ...
Top 10 Posts from 2023: The 10 Greatest Investors, ChatGPT, and the Active Management Delusion
1. The 10 Greatest US Investors and the Virtues That Made Them Who are the greatest investors of all time? Andrew Mitchell, founder of Ophir Asset Management, asked ChatGPT to ...
EAM: How and Why AI-Powered Active Management Will Dominate Passive
This article is derived from “Ensemble Active Management – AI’s Transformation of Active Management” and “Methodology, Design, and Data Integrity Validation Study of Turing ...
Amid The Noise, Active Management Quietly Reinvents Itself
Despite the headlines proclaiming its demise, active investment management is not going extinct — it’s evolving. The traditional mutual fund may be fading, but active decision-making ...
Behavior of Crowds not Wisdom of Crowds
The efficient market hypothesis (EMH) says that active equity management is a waste of time. Because stock prices incorporate all relevant information, it is not possible to ...
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