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In part one of the interview, Schuller takes us on a journey through modern portfolio construction theory, arriving at the conclusion that markets are not efficient, but adapt to new realities over time. Alpha therefore is only a temporary opportunity, which converts into beta once it has been exploited.
In part two, Schuller discusses the implications of this for fund selection and portfolio construction.
Supporting SMEs and small mid-caps in the agricultural and food sectors
Nick White’s new firm aims to support boutique groups, writes Tom Aylott
Complex regulations identified as one of the main barriers hindering private capital access
Though ‘increased regulatory scrutiny’ has led to decline in Article 9 funds
Only 35% of active funds beat their benchmark over the past 12 months, with ESG faring worse still, writes Tom Aylott
Jon Cleborne will succeed Sean Hagerty in June, writes Christian Mayes
