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Investment Library

Multi-Manager-Lens
Investment Library

Multi-Councillor through the lens of a Multi-Manager

When looking at a risk and return scatter graph of funds, it seems as if those funds are standalone entities, far removed from the faces of the portfolio managers behind them. In evaluating managers for more than 20 years, STANLIB Multi-Manager has found that these portfolio managers and how they are set up to make investment decisions can be a critical factor in evaluating the investment house overall. Reason being is that these managers are only human and subject to same human bias as all of us.

Investment Library

Understanding performance evaluation

Performance evaluation is one of those topics that is conceptually easy to understand, but your understanding begins falling apart once you get into the detail. Fortunately, there are great frameworks for thinking about this “problem”, and great tools for helping with the exercise.

Investment Library

Manager evaluation post selection

Allocators of capital should strive to understand performance evaluation before and during their assessment of the value add from passive and active asset managers. It is not a simple task.

Investment Library

Diversification: Beyond asset classes

More has been written about diversification than any other topic in finance and investments. Diversification is the process of allocating capital in a way that reduces the exposure to any one particular asset or risk by investing in a variety of assets or across many risk factors.

Investment Library

An Alternative Introduction

The rise of populism on the back of the Global Financial Crisis (GFC) and the plight of the proletariat dealing with high unemployment and stagnant real wages (while the rich get richer), has led to some significant and surprising elections around the world.

Investment Library

Now you see it, now you Don’t!

I have always loved magic. Initially as a child because I truly believed that the magician possessed powers beyond the physical world. Then as an adult because I knew this wasn’t the case and loved the challenge of solving the problem of how “it was done. Joao Frasco

Investment Library

Managing Risk and Expectations

The topic of risk management is very broad, and a myriad of discussion points come to mind when one ponders on it.