Hints and tips:
...Many an active manager has pondered whether passive investing may be for them what digital photography was to Kodak. When it comes to retail funds, they may have a point....
...Winton founder David Harding, whose hedge fund firm has suffered from poor returns and a slump in assets, recently wrote to clients to say that having fewer assets “may even turn out to be an advantage”....
...And judging from AQR’s own improving results, computer screens in Greenwich may once again be safe from Asness....
...Kidd’s meticulous depiction of this hardworking, hard-drinking group has something of the muscularity of Tim Winton, the foremost writer of Australian white working-class culture....
...Winton’s sub-par performance suggests that chief executive David Harding’s querying of the profitability of this strategy — known as trend-following — may have been misplaced....
...Disclosure practices on fertility websites are notoriously subpar (“The fertility industry may be offering women false hope”, Opinion, January 6). But bad explanations do not a bad product make....
...“If it’s no longer just about access to the slopes, you may seek to be removed from all that resort excitement....
...With little sign that central banks will veer from a course of tightening interest rates anytime soon, trend-followers may finally have found their groove again....
...Subtle pairings may never coincide. It is at a macro-level, for once, that colour-planning still pays off....
...Sir David, who is the Winton Professor of the Public Understanding of Risk in the Statistical Laboratory at the University of Cambridge, and was formerly president of the Royal Statistical Society, said...
...Other notable moves included Bridgewater, the US hedge fund manager, moving up two places to 18 while London-based Winton dropped one spot to 16....
...“Even if it’s your first time doing something, at least you are taking steps to do something, and that is the key,” Winton said....
...The AstraZeneca vaccine I am likely to receive, developed in my home city of Oxford, has rarely been out of the headlines — most recently because of the suspicion that it may make a rare form of blood clot...
...He made headlines last May when he blasted the daily presentations of Covid-19 statistics, in particular the daily test totals, as “number theatre”....
...“I’m not sure that will change nor should it, as I worry our rush back to normality may trample over those harmed most by the pandemic.”...
...Big London-based names such as Winton, CQS and Lansdowne Partners have all run up big losses this year....
...Oldenburg said that this “may be OK” in Germany, which is not heavily dependent on the AstraZeneca vaccine for its inoculation programme, “but other countries can’t be so conservative”....
...Even Winton Group’s David Harding, whose flagship fund suffered its worst year on record, told the Financial Times last year there was “not any single reason we’re doing badly”....
...“The anti-Covid measures have been enough to stop flu in its tracks,” said David Spiegelhalter, chair of the Winton Centre for Risk and Evidence Communication....
...Winton was 10th largest on the HFM Global Billion Dollar Club list. Five years later, that number has shrunk to three. Winton has closed its California operation and reduced its presence in New York....
...Extreme, unnatural behavioural changes such as social distancing may be difficult to maintain....
...Latest news England’s Covid lockdown rules may last until end of March Pandemic-fuelled supply drought knocks Ford’s truck sales US private-sector employment drops for first time since April Beijing...
...Another investor described a “wall of money trying to get into hedge funds” next year, but added that some may struggle to place funds with their desired managers if they chose to close to new investments...
...UK shareholders include Woodford Investment Management, Winton Ventures and Lansdowne Partners....
...After all, if a manager cannot prosper either in calmer markets or in this year’s volatility, investors may well question why they bother at all. laurence.fletcher@ft.com...
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