From the Desk of the CIO
The Current Opportunity
"In the short run the market is a voting machine, but in the long run, it is a weighting machine." - Benjamin Graham
Over the past decade $3.3 trillion have flowed into index-based US equity funds, over 13 times the size of money flowing into actively managed US equity funds. Mike Parker and Phil Kessler explore the implications for active managers in our latest research publication.