Year: 2012

Identifying investment skill Over the years, Inalytics has developed a clear sense of what characterises investment skill and a set of metrics to capture it. This research paper analyses a cross section of the portfolio managers used by UK Local Authorities. Focusing on decisions and not track records, our research analyses the distribution of Hit…

Finding a winning stock may be easy for some. However, recognising that it is a winner, and having the conviction to run it, is considerably more difficult for all but the most skilful investment managers. Contrary to conventional thinking, the overwhelming majority of fund managers do not run their winners. They do the opposite, and…