A group of high-level chief investment officers has criticised modern portfolio theory for failing institutional investors.
The 300 Club, a group of CIOs from investment houses such as Hermes Fund Managers and Schroders, said deterministic assumptions such as "it should be impossible to outperform the overall market" an...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date