Scale is not everything in asset management
Seeking size for its own sake can distract fund managers from focusing on clients and shareholders
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There is method in the market’s madness
But it relies on a host of rosy assumptions going in investors’ favour
Investors need to rethink the ‘factor’ approach
Portfolio management should be based more on themes such as innovation
Private credit’s stale pricing problem
More frequent asset valuations can boost market resilience and investor confidence
We are living in the age of asymmetry
Power flows less from size or wealth than from the ability to convert imbalance into leverage
Separating the signal from the noise in private credit
What matters most is how capital was deployed and underwritten
Fund managers prepare for ‘reckoning’ in US tech sector
Some investors reduce positions or buy protection for their portfolios amid concerns over valuations