Category: Research Paper

Does strong corporate governance lead to outperformance? Does it pay to own companies that do the right thing? Or is it as St. Augustine famously said, “Lord, make me pure, but not yet”. This research paper puts the moral question to one side and addresses it from a more prosaic or secular perspective by analysing…

Client inspired research The first in a series of papers addressing interesting questions posed by Inalytics’ clients; Nick Greenwood, Pension Fund Manager of The Royal County of Berkshire Pension Fund asked: “Do highly concentrated portfolios perform better than more diversified ones?” A portfolio strategy where risk and skill play a key role, our investment behaviour…

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…