Uber launch on the floor of the New York Stock Exchange  on  May 10th, 2019. Photograph: Brendan McDermid/Reuters

Private equity markets have been enthusiastic backers of companies such as WeWork and Uber in recent years. However, stock markets have grown increasi(...)

Stay or go? Funds characterised both by high active share and patience (defined as holding positions for at least two years) have significantly outperformed over the last 26 years. Photograph: Bernd Kammerer/AP Photo

It’s one of the most documented findings in finance: the majority of equity funds underperform stock markets. However, defenders of active management (...)