A Tale of Two Cities

A Tale of Two Cities

“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of light, it was the season of darkness, it was the spring of hope, it was the winter of despair.”  One of the most famous openings of any novel, the Charles Dickens’ prose, though written in 1859, seems as fresh and poignant as ever. Longtime readers of this quarterly communique may recall the appropriation of this sentence many years ago, so please forgive the indulgence to employ it once again, as the parallels to the past year were too eerie to resist.
Finding Mutual Funds That Beat The Market

Finding Mutual Funds That Beat The Market

Credit: Forbes Click here to view the article on Forbes How do you make an actively managed mutual fund do well, especially in these crazy times? For 2020, 60% of actively managed stock funds underperformed the S&P 500. The situation was worse with active bond funds, where 90% failed to clear their
Boutiques Look for Third-Party Investors as Industry Consolidates

Boutiques Look for Third-Party Investors as Industry Consolidates

Credit: Lisa Fu - Fund Fire FundFire on Fm AccelerationDownload - PDF Consolidation in the asset management industry has led some portfolio managers to question the future of their teams and enlist third-party support to leave parent companies. In November, three third-party assisted transactions were announced. Los Angeles-based RIA Lido