by Stuart Fowler | Mar 20, 2018 | Miscellaneous
For two days last week the The House of Commons Work and Pensions Select Committee heard evidence on the hybrid pension arrangement called Collective Defined Contribution or CDC. They saw what they needed to see but heard only what they wanted to hear. I hope this...
by Stuart Fowler | Mar 2, 2018 | Miscellaneous
An equity index for a single market is ‘passive’ in name only, having Darwinian adaptive dynamics It doesn’t represent all of a country’s company sector or economy But it is apparently itself a ‘system’: mean reverting slowly around...
by Stuart Fowler | Feb 25, 2018 | Miscellaneous
The FT’s John Authers is a long-standing sceptic about market timing. But in his Long View column on 22nd February he sings the praises of an approach that sounded very much like ours, making adjustments to weights in different markets as a function of new...
by Stuart Fowler | Feb 9, 2018 | Miscellaneous
At the heart of the principle of ‘balanced’ management is the presumption of a negative – or at worst low – correlation between equities and bonds, particularly at times of large falls in equity prices. Though we have now experienced a reversal...
by Stuart Fowler | Jan 30, 2018 | Performance
At Fowler Drew, clients’ achieved performance is the product of a quantitative (algorithm-driven) approach to asset allocation, implemented using low-cost trackers. Our skill is in the construction of the decision rules and in how we implement them...
