Author: Inalytics Marketing

Separating luck from skill, in this study we provide evidence that even fund managers with no skill in stock picking have still been able to outperform the standard Australian equity benchmark. Analysing the Australian equity benchmark An industry in very good health – whenever we have undertaken search exercises on domestic Australian Equity Managers, or…

Does investment skill exist and, if so, how valuable are track records in measuring it? These are perennial questions in the investment industry, where in reality, a track record of outperformance can be the result of sustained investment skill, or the result of blind luck. Track records are poor guides for the future Research papers…

Running winning positions and cutting losing positions One of the key characteristics in successful fund management is the ability to understand and play by the rules of probability, by running winning positions and cutting losing positions. This sounds simple, though psychological and behavioural hurdles faced by investors have made this more challenging to do in…