Manager


 

ETFs Make Value Investing Easier [0.08]

Posted on Aug. 17, 2017, 4 p.m. by HOME @ [source]

This article is part of a regular series of thought leadership pieces from some of the more influential ETF strategists in the money management industry. Today's article features Paula Wieck, portfolio manager at Nebraska-based CLS Investments.

buying cls difficult etf fair investing investment manager returns stock

 

There were newspapers and articles on the web and magazines. And the vast majority of what you’d read from day to day was stock picks, economic forecasts, “8 Mutual Funds To Stuff Your Stockings With This Christmas”, market timing calls and then more stock picks.

behavior book Jason manager market picks portfolio stock stuff Zweig

 

Who Actually Owns Your ETF? [0.17]

Posted on Aug. 2, 2017, 9:45 p.m. by HOME @ [source]

It would be easy to read the story we broke Monday about the seemingly un-amicable breakup of PureFunds and ETF Managers Group (ETFMG) and simply say, “Well, that’s interesting,” make some popcorn, put your feet up and watchpoever,. I know about as much about the specifics here in this particular case as you do, if you’ve read the article.

act etf fund interesting investment manager mutual pretty PureFunds shareholder

 

Continuous improvement at scale—across a whole enterprise—requires management discipline at scale.

Think of the last time your organization made a real effort to instill a continuous-improvement culture, whether in a plant, function, or more broadly throughout the business.

behavior continuous improvement leader manager organization performance problem solving standard team

 

Of course I see all the usual suspects like annuities, mutual funds with loads, 12B-1 fees, etc. When a client looks at their statement and sees all of the different holdings, they likely assume they were strategically chosen based on the extensive experience of the advisor and/or advisor’s firm.

active advisor fee financial firm fund index manager market portfolio

 

Trump Rally Fail [-0.03]

Posted on July 24, 2017, 1 p.m. by The Big Picture @ [source]

How much wrong can you spot in this CNN Money graphic? Missing proper proportionality and context can occur in numerous ways: it can take place across different eras, locations, or using wrong measures of gain.

Blindness context denominator fund investors manager market proportionality tendency wrong

 

Money Manager Cliches [0.24]

Posted on June 20, 2017, 6:07 p.m. by A Wealth of Common Sense @ [source]

I’ve spent a good chunk of my career looking at various funds, strategies, presentations, pitch books and sales pitches from money managers. People wouldn’t use cliches if they weren’t true of some good money managers.

cliches firm fund lose manager marketing money pitches presentations Translation

 

I’d like to solve the puzzle, Pat [0.12]

Posted on June 15, 2017, 4:23 p.m. by The Reformed Broker @ [source]

If stocks keep going up, why isn’t anyone celebrating? Is the lack of euphoria the only thing keeping this thing climbing?

bull market computer fund hedge manager market money mutual fund stock wall street

 

What’s the Scale of Your ETF Portfolio? [0.10]

Posted on June 8, 2017, 3:15 p.m. by Alpha Architect @ [source]

In most industries, whether it be cars, jewelry, food or beverages, some products are built for scale and mass distribution, while others are niche and serve a distinct customer segment.

The 1964 Supreme court case of Jacobellis v Ohio was to determine whether something is an obscenity or not (largely relating to pornography).

asset etf fund holding manager market cap scale small cap strategy weighted

 

The role of the product manager is expanding due to the growing importance of data in decision making, an increased customer and design focus, and the evolution of software-development methodologies.

Product managers are the glue that bind the many functions that touch a product—engineering, design, customer success, sales, marketing, operations, finance, legal, and more.

broader day ecosystem engineering manager metrics pricing product product manager to

 

Renaissance Requires Reinvention [0.12]

Posted on May 19, 2017, 1:26 p.m. by The Reformed Broker @ [source]

One of the best stock picking newspaper columns, the Wall Street Journal’s Ahead of the Tape, is winding itself down.

Similar to being a stock picker, taking a view on a specific company ahead of its results is fraught with risk.

benchmark fund investors manager performance portfolio Professional stock style year

 

As a reminder, we will be consolidating our web presence in the coming months. Gestaltu.com will be ported over to our new home for research and content at www.InvestReSolve.com/blog.

asserted attractive breadth investment IR manager ratio recall selecting skill

 

We recently hosted a webinar, “Wall Street Wants Your Data: Steps to Creating a New Revenue Stream,” presented by Quandl’s Chief Data Officer, Abraham Thomas.

We hope we provided some valuable insight into Wall Street’s current appetite for unique, alternative data.

button contact data learning manager monetization partnering portfolio quandl senior

 

Do Mutual Fund Managers Have Stock-Picking Skill in Lottery Stocks? It doesn't mean professionals do not know how to pick stocks.

asset fund Kumar lottery Lottery Stock manager mutual performance shows stock

 

Month upon month, we see that articles and studies out about active management under performing their benchmarks, some say it use due to fees and others due to managers having no skill.

First we will define active share, the active share of a fund is the % of the fund that is weighted differently than the benchmark.

bit combined constraints demonstrate fee fund manager mathematically outperform personally

 

For the overwhelming majority of investors, portfolios are broadly organized into strategic silos of stocks and bonds, such as the ubiquitous 60/40 balanced portfolio. While some investors make active decisions on their own, many investors delegate their active bets by hiring active stock and bond investment managers via the purchase of funds or Separately Managed Account (SMA) mandates.

active asset bet breadth investment manager portfolio skill stock universe

 

Edges are Ephemeral [0.08]

Posted on April 19, 2017, 2:24 p.m. by The Reformed Broker @ [source]

BOSTON— Jack Meyer trounced rivals when he ran Harvard University’s endowment in the 1990s. The new strategy appears to be making friends with the President of the United States and pushing for favorable regulatory changes to enhance the value of public companies he owns (see CVR Energy).

alpha edge fund hedge investors manager money reliable unrealistic years

 

It’s a reasonable argument made by both great active managers and mediocre ones. For the first time ever, the study looked at 15-year track records for active managers vs their benchmarks, which would more than accommodate the request for a full cycle look (boom, bust, boom).

active blah cap data fund manager performance quality rely year

 

The Skew [0.10]

Posted on April 12, 2017, 1:01 p.m. by The Irrelevant Investor @ [source]

An excellent piece from Bloomberg came out over the weekend, The Math Behind Futility, which looks beyond the usual explanations as to why the majority of professional stock pickers fail to keep up with an index. No, it’s not just the fees or the competition, but rather, the simple reason why so many managers fail to beat the benchmark is because so many stocks fail to beat the benchmark.

beat benchmark fail gain manager missing performers results stock top

 

ETF Watch: EquityCompass Funds Debut [-0.01]

Posted on April 11, 2017, 4:30 p.m. by HOME @ [source]

Today First Trust launched two actively managed ETFs that are managed by EquityCompass on the NYSE Arca.

A new firm has filed for four actively managed ETFs that look to capitalize on political developments in the U.S. and Europe by taking long and short positions in securities affected by those changes.

EquityCompass etf fund fundamental industry manager market positions securities unfavorable