Category: Research Paper

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…

Using the Inalytics Peer Group database, our research paper illustrates how quantifiable skill can be identified in the investment process and confirms how behavioural biases impact performance. Does investment skill exist? Academic research has conclusively proven that portfolio managers have the skills to select stocks and build portfolios. We’ve seen that even underperforming managers are…