A late August buffet of tasty reads for you before market activity starts to pick up again.| The Investment Ecosystem
It has been a year since the publication of the popular posting “The Active Management Reinvention Project.” What attempts at (real) reinvention have you made or seen made by others? (Time marches on.)| The Investment Ecosystem
Don't just stop after the headline items. Also: high conviction, growth and value, muni marks, semiliquid funds, venture, AI, growth equity, Bitcoin corporate treasury, and still more.| The Investment Ecosystem
Good readings about when to cash out buyout funds via secondaries, The "bad bet" of active mutual funds, a possible credit bubble building, effective questioning of general partners, a look back at Lehman "risk management," and a number of other worthwhile ideas.| The Investment Ecosystem
Among other topics: Hedge funds as mimetic organizations, the power of model portfolios, private equity and sports, thesis drift, false precision, the index effect in corporate bonds, and permeable analytical standards.| The Investment Ecosystem
From moats to risk management, valuable quant code to the mysteries of the markets, and much more, here is the range of worthwhile content that you've come to expect from the Fortnightly.| The Investment Ecosystem
Here is a full slate of ideas for you to digest!| The Investment Ecosystem
If your organization is looking for ways to foster or further your continuous improvement efforts, the Investment Ecosystem can help. Change is a constant — you can either be proactive in dealing with the possibilities or reactive in picking up the pieces. Reach out today to explore your options.| The Investment Ecosystem
It’s the holiday season, when things both speed up (with family commitments, travel, etc.) and slow down (business activity). To celebrate, here is something completely different from the normal Fortnightly. (We’ll be back to regular programming in January. In the meantime, check out our new Bluesky account for interesting things to read.)| The Investment Ecosystem
The most recent posting on the site deals with a common question these days: whether to have a meeting virtually or in person. The question applies across investment roles, although in this case it addresses the due diligence of asset managers. Regarding onsite visits:| The Investment Ecosystem
Thursday is Thanksgiving Day in the United States, making it a perfect time to thank you for reading and for passing along our material to others. We truly appreciate it.| The Investment Ecosystem
AI this, AI that. You can’t get away from it.| The Investment Ecosystem
The most recent essay on the site deals with an important question for institutional asset owners (and other investors too). It is titled “Does it Matter (How the Money is Made)?”| The Investment Ecosystem
The next essay to be published will be “Does it Matter (How the Money is Made)?” It will delve into questions about whether and how asset owners should consider the business models and practices behind the returns that they receive — or just focus on maximizing those returns.| The Investment Ecosystem
The most recent essay published on the site was “Finding the Right Speed,” which dealt with a problem that doesn’t get much attention. At what pace should an investment decision get made? The answer could vary from nanoseconds to years depending on the type of decision; the key is to design an approach that fits best with the circumstances, but it is easy to be pushed into being too fast or too slow.| The Investment Ecosystem
One specialty of The Investment Ecosystem is due diligence and manager selection. A short PDF provides a summary of some resources we offer if that’s an area of interest for you.| The Investment Ecosystem
The most recent posting on the Investment Ecosystem, “The Active Management Reinvention Project,” addresses the lack of differentiation across much of the active management universe. It’s worth your time and attention. (If you have feedback on the piece, please send it along.)| The Investment Ecosystem
A previous edition mentioned an upcoming posting about “the active management reinvention project.” It’s still coming! (Reinvention takes time.)| The Investment Ecosystem
Jason Zweig’s book, The Devil’s Financial Dictionary, is the subject of the latest Investment Ecosystem posting. (Subscribe here to see all of the content as it is released.) It is an unusual and fun look at the lexicon of the investment business:| The Investment Ecosystem
The next essay on the Investment Ecosystem is tentatively titled “The Active Management Reinvention Project.” (Sign up to receive all postings via email as they are published.)| The Investment Ecosystem
Welcome to another edition of the Fortnightly, your source for interesting stories and ideas from around the investment ecosystem, (Subscribe here to receive each new Fortnightly and original essays via email.)| The Investment Ecosystem