BUSINESS
The relevance of Information Ratio in selecting active equity funds
In simpler terms, it is alpha divided by the standard deviation or measure of variability of alpha; it tells investors how much additional return they are receiving for the extra risk taken by deviating from the benchmark.
BUSINESS
Why is there a gold rush for new mutual fund licences?
At a total industry level, large AMCs have lost market share and the so-called smaller fund houses have gained at their expense
BUSINESS
Happy Birthday Warren Buffett: All investing is value investing with different drivers to realise value
Fitting today’s market opportunities into the value-investing framework of the 1950s or even 1990s might result in passing up many opportunities or chasing possibly a counterfeit dollar bill lying on the road which you thought the market didn’t see
