Can a disciplined investment process deal with rapid change? Rigorous analysis of historic numbers seems at odds with disruption and a radically different future. Economic revolution seems to question the very concept of consistent growth. The process of investing may now need to adapt to involve informed guesswork on innovation and adoption of technology. Investors […]
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Tag Archives: research
The Problems with MiFID
April 4, 2017 
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Years in planning and one year late, the European Union’s wide-ranging new MiFID II regulation is still going to catch-out much of the industry. Although European, it will impact global asset managers, and may herald change across the industry. No-one yet quite knows how it will work in practice. The aim – to fully and […]
Continue reading Hidden agendas: Danger of anonymous stockmarket “research”
April 22, 2014 0 Comments
Some respected online financial sites have recently taken down more than 100 “research” articles anonymously written. The noise of this conflicted commentary, often in the guise of research, threatens to distort share prices and swamp markets. While much of this problem has been focused on the US, UK and European companies are also covered on […]
Continue reading Dealing commissions; do clients get value for their money?
January 21, 2014 0 Comments
In one key area of asset management, the UK regulator is aiming for global leadership. The Financial Conduct Authority has ambitions to drive the EU debate on dealing commissions, and establish London as an investor-focused low cost centre. The first step is its current consultation on dealing commissions, which should raise standards and give retail […]
Continue reading Who loses from IPO conflicts?
December 9, 2013 0 Comments
The process for initial public offerings is one of the most opaque areas of the market, and is ripe for reform. The current IPO boom mirrors the excesses of the tech bubble a decade ago. That resulted in fines and new rules – but it’s still not fixed. There is a clear public interest in […]
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Behavioural Edge 
Finding true growth – how some businesses fake it
Is it really so easy to separate growth and value investment styles? Growth in particular is a challenging concept this year. Investors should think harder about what it means. Genuine cash generative growth is valuable, but rare. Investors need to know how to spot it and what they should pay for it. Often, analysts need […]
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