It’s true that past performance doesn’t always repeat, but there is no doubt that bad performance persists far more than good

It is not just active managers who are threatened by the growth of index funds

According to Alexander Forbes, the list of the top seven fund managers — and even the order in which they appear — remains unchanged

It is hard to imagine who would have done a better job of building Anglo American than Ernest Oppenheimer’s son Harry

Old Mutual and Sanlam have facilitated the birth of two very different businesses, both of which reported results last week

While Liberty’s relationship with Standard Bank gets more claustrophobic every year, MMI no longer supplies product to FirstRand

Wierzycka is naturally mercurial and not naturally patient, but she has brought professional management into the business

Investors should be able to cope with depressed returns for a year to 18 months before the turning point, when gains will be at their highest

The biggest challenge for mutual funds over the next few years is bound to be exchange traded funds

There is still too much reliance on mining, even though its share of GDP has halved since 1994 to 8%

Bogle’s principal objection to exchange traded products was that they do not lend themselves to long-term investment; they are priced throughout the day ...

So far it looks like financial markets still have a place in the SA developmental state

Out of the 23 firms in the 'Manager Watch Best Investment View' survey, only four portfolios made positive returns in the 11 months to November

There is no doubt that 2018 never lived up to initial expectations

One of the worst-performing large caps was Mediclinic, which was down 37%, much worse than the 12.4% of the Capped Swix benchmark

There is often more psychology than mathematics in active management