How to Win the Loser’s Game Part II
The investment industry and the media tend to focus on fund performance. But research shows that the most reliable indicator of long-term investment returns is in fact cost.
Expressed as percentages, fund fees appear relatively modest. But, in Part 2 of the documentary, the Nobel Prize-winning economist Eugene Fama warns that the effect of compounding means that, over time, the impact of fees and charges on the value of our investments can be huge.
Exclusive: York Capital to wind down European funds, spin out Asian funds
York Capital Management has decided to focus on longer-duration assets like private equity, private debt and collateralized loan obligations. The firm also plans to wind down its European hedge funds and spin out its Asian fund. Q3 2020 hedge fund letters, conferences and more York announces structural and operational changes York Chairman and CEO Jamie Read More
Journalist Merryn Somerset Webb, Mark Dampier from Hargreaves Lansdown and Gina Miller from the True and Fair Campaign also express concern about overall charges.
The message for the investor is clear: keeping costs as low as possible is crucial to a successful investment experience.