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"It comes after the house decided to use quantitative investment strategies, where computer programmes are used to determine investments, for many of the portfolios in its £54 billion equities business."
Well computers don't need bonuses
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Scottish Widows Axing Investment Fund Managers
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#1
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Posted 14 April 2012 - 10:57 AM
Whoever you are, I have always depended on the kindness of strangers.
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MultiQuote
#2
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Posted 14 April 2012 - 11:02 AM
' One fund management industry source said: "The people who are going are probably the best people in SWIP." '
Doesn't say a lot about the best people then does it?
Nevermind the distinctly average or plain cr@p.
Doesn't say a lot about the best people then does it?
Nevermind the distinctly average or plain cr@p.
#3
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Posted 14 April 2012 - 11:09 AM
You can do nearly as well using a cat.
http://www.guardian....g-challenge-cat
What was all that about having to pay "The Talent" top dollar?
http://www.guardian....g-challenge-cat
What was all that about having to pay "The Talent" top dollar?
#4
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Posted 14 April 2012 - 11:22 AM
Its a pretty strange time in asset management industry at the moment, because blue chips, mining, raw materials stocks are all performing well so there isn't a whole lot of scope for value picking 'star' fund managers. Lots of people will be happy to just use a low cost ETF/Tracker and ride out the index.
However computers don't always get it right (after all they are all programmed by people.....and in this case probably people taking advice from former SWIP portfolio managers) so there is still place for decent fund managers.
However computers don't always get it right (after all they are all programmed by people.....and in this case probably people taking advice from former SWIP portfolio managers) so there is still place for decent fund managers.
#5
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Posted 14 April 2012 - 11:50 AM
SarahBell, on 14 April 2012 - 10:57 AM, said:
"It comes after the house decided to use quantitative investment strategies, where computer programmes are used to determine investments, for many of the portfolios in its £54 billion equities business."
Well computers don't need bonuses
Well computers don't need bonuses
Obviously houses don't need people.
it is, until it isn't tm
#6
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Posted 14 April 2012 - 11:51 AM
Most of the supposed talent isn't that talented at anything but churning for fees.most of the less talented people are beyond dire.
Most investors will do better over the long run with a low cost etf in comparison.
Most investors will do better over the long run with a low cost etf in comparison.
Blaming greed for a banking crisis is like blaming gravity for an airplane crash. Injin 10/12/2009 (a rare moment of clarity)
Red Kharma, on 31 May 2010 - 11:51 AM, said:
Most gold buyers will get creamed, eventually and for the very reasons they think they won't.
#7
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Posted 14 April 2012 - 12:01 PM
SarahBell, on 14 April 2012 - 10:57 AM, said:
"It comes after the house decided to use quantitative investment strategies, where computer programmes are used to determine investments, for many of the portfolios in its £54 billion equities business."
Well computers don't need bonuses
Well computers don't need bonuses
Between commissions and bonuses, computers could make a few percent less profit and still work out better off than humans.
It's time to pay the piper. There is no magician who will magic away the debt. Someone is going to have to pay it. Bend over and prepare to make payment.
In this glorious nation of ours, if you work hard and keep your head down for 25 years then you too can aspire to own one-eighth of a one bedroom flat in Manchester.
My mum and day always tell me how important it is to save to buy a house. They should know, it took them nearly 6 months to save for theirs. As teenagers, they bought a 3 bed semi.
In this glorious nation of ours, if you work hard and keep your head down for 25 years then you too can aspire to own one-eighth of a one bedroom flat in Manchester.
My mum and day always tell me how important it is to save to buy a house. They should know, it took them nearly 6 months to save for theirs. As teenagers, they bought a 3 bed semi.
#8
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Posted 14 April 2012 - 12:06 PM
doccyboy, on 14 April 2012 - 10:56 AM, said:
Has anyone devised a contrarian program yet?
When all's said and done, there's more said than done.
#9
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Posted 14 April 2012 - 08:48 PM
Doesn't a tracker beat 75% of fund managers?
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