Tag Archives: Exchange-traded fund

Who’s been sleeping in my bed? Shocking stuff on stock lending.

Storage companies do not lend out your property, but fund managers do! Continue reading

Posted in dc pensions, Fiduciary Management, Financial Education, First Actuarial, NEST, pension playpen, pensions, stock lending | Tagged , , , , , , , , , | 9 Comments

“Purity” in passive investment management

Investing is hard. There are no shortcuts. Markets are generally efficient and when they aren’t there are plenty of people digging up the value ahead of you. My  anti – view is that “winning” investment strategies have negative capability. Negative capability is … Continue reading

Posted in actuaries, auto-enrolment, dc pensions, Management, pensions | Tagged , , , , , , , , | 4 Comments

Bought any good derivatives lately?

Of course the banks aren’t going to put the kind of disclaimers that are meaningful within these products. Continue reading

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