by Stuart Fowler | Dec 14, 2016 | Miscellaneous
Active management at the security level is a waste of money and detracts from the decisions that aren’t. That’s the damning message in the FCA’s interim report on asset managers that the media seized on. But who really should be demonised in that...
by Stuart Fowler | Nov 16, 2016 | Miscellaneous
Two recent letters in the FT demonstrate how irreconcilable are the two views of the equity return process, as between a random walk with some drift that happens in the past to have been upwards and mean reversion with a meaningful trend that is the product of an...
by Stuart Fowler | Nov 1, 2016 | Miscellaneous
In Adviser Insight in Citywire’s New Model Adviser (26th October) Stuart Fowler tells advisers ‘if you advise clients who have deferred defined benefit (DB) pension entitlements, it is arguably negligent not to review the decision to retain the DB...
