Active Management

It’s not enough to follow someone’s advice to invest in index funds. Actual passivity contradicts the trustee’s duty to act as a prudent fiduciary. Passive investment products are potentially as complex as any other, and prudence demands careful evaluation.

For many of us who have been in the industry for many years, the evidence is hard to take.

Does “more institutional” with more “alternatives, ” such as hedge funds, mean better? I don’t think so.

What's in a name? Maybe more fees that you realize.

When you put fees and taxes together, you get a sense of just how skilled a hedge fund manager has to be to generate meaningful returns for a taxable investor.

The best ideas often from keep-it-simple “rock science”, not rocket science.