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” and “idiosyncratic...
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This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.