We had an interesting discussion this week about the difference between luck and skill, and how this applies to investment management.
What we want to ensure is that when paying investment managers, we are only paying them for what they can deliver. With great returns across most growth assets over the last 12 months, it is an appropriate time to review this and to understand what a manager is actually delivering as a result of their skill compared to what is just the result of being lucky.
What we want to ensure is that when paying investment managers, we are only paying them for what they can deliver. With great returns across most growth assets over the last 12 months, it is an appropriate time to review this and to understand what a manager is actually delivering as a result of their skill compared to what is just the result of being lucky.
If you'd like to talk more about this, please get in contact.