Active managers such as Nick Train and Terry Smith have struggled amid the rise of passive funds and US tech stocks
With stocks, passive management is king — but bond funds do not work the same way
Star fund manager says he is ‘acutely disappointed’ and feels ‘the opposite of pride’ about returns for investors
Stockpicker’s flagship fund failed to beat cash returns in 2025
Industry racks up largest asset gains on record, benefiting from buyout groups’ difficulty returning cash to clients
Some investors reduce positions or buy protection for their portfolios amid concerns over valuations
Industry reported $38bn in transactions in 2025 as consolidation intensifies
Asset manager Shuhei Abe says he is looking for managers with new attitude to exert pricing power as inflation returns
Government push to create ‘nation of investors’ stokes competition between providers
Instant ability to trade tempts many to make bad decisions
For the first time, investors are talking about ‘US risk’
Top performers all had one thing in common: precious metals
Ouch
€5bn in assets withdrawn by metal and tech workers’ group
If you don’t at first succeed, try and try and try and try and try and try and try and try and try and try again
Plus, Boaz Weinstein’s slump, silver’s record high and Wes Anderson at the Design Museum
Proposal had provoked backlash from Euroclear and industry over potential for higher costs
Private equity wanted democratisation. The courts may deliver it.
UK regulator plans changes to avoid ‘information overload’ and boost investment
Miners and banks drive the benchmark index to its best performance since 2009
The future of the centuries-old sector rests on its ability to tell a story in the digital age
Insider purchases intended to support stock in wake of abandoned merger
Public and private-sector funds concerned over market’s growing concentration in a small number of tech stocks
My contrarianism always overwhelms common sense, experience and learning
Billions of dollars flow into funds designed to reduce capital gains tax or minimise tax on interest or dividend income
