Herein, we examine the new surge of indexing on the part of pension funds, explaining why we think it may be just the wrong time to be abandoning active investment management. While ultimately most equity managers can be expected to underperform the averages, the timing of the current rush to indexing may be all wrong. Shades of the late 1970’s!
South African Divestiture: The campaign against investing in companies doing business with South Africa is rapidly building momentum…TV Tulips: Recent prices paid for commercial TV properties may be tulip bulb prices… Will It Take a Crisis?: I am just about convinced that only a crisis can bring meaningful fiscal reform.