Cliff Asness

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Value investing: has the strategy outlived its usefulness due to structural market changes? Photograph: Getty Images

Neil Woodford has often been described as Britain’s answer to Warren Buffett but his investors, disillusioned after years of disappointing returns, ar(...)

Yes, most investors are awful at timing. Photograph: iStock

Investors ran for the hills as stocks plunged over Christmas, with retail sentiment surveys showing pessimism at five-year highs. Now, 20 per cent lat(...)

Diversification reduces risk of long-term disappointment, but avoiding short-term pain is another matter entirely. Photograph: iStock

Diversification is often referred to as the only free lunch in finance but it didn’t protect investors from a shellacking in 2018, with almost all maj(...)

Warren Buffett:  was written off in the late 1990s only to come roaring back when the technology bubble burst. Photograph: Rick Wilking/Reuters

Value investing – buying cheap, less fashionable stocks and shunning glamorous but expensive companies – is as old as the hills. Warren Buffett and ma(...)

New Federal Reserve chief Jerome Powell is untested but is likely to follow Janet Yellen’s dovish script. Photograph:  Saul Loeb/AFP/Getty Images

Are the robots to blame for the current market turbulence? A lot of commentators, including US treasury secretary Steve Mnuchin, seem to think so, mu(...)

Globally, almost $23 trillion, or 26 per cent of all professionally managed assets, is now invested in “responsible investment strategies”, according to the Global Sustainable Investment Alliance. Photograph: Getty Images

Once a niche field, socially responsible investing is big business today, accounting for more than a quarter of assets under management globally. Can (...)

Although financial markets have been relatively calm thus far in 2017, there is a widespread perception that volatility has generally increased over t(...)

Investor sentiment is buoyant ahead of Donald Trump’s inauguration as president of the United States on January 20th, a survey of newsletter writers has shown. Photograph: Damon Winter/The New York Times

Markets may have come too far, too fast in recent months, cautioned Morgan Stanley last week, suggesting investors take a “buy the election, sell the (...)

The odds of a US Fed rate increase hit 54 per cent in early August before plunging to 24 per cent three weeks later, following the sudden upsurge in volatility. Photograph: Issei Kato/Reuters

Will Fed hike rates? One question will dominate financial markets this week: will the Federal Reserve hike interest rates on Thursday? The odds of a r(...)

Nothing exemplifies the recent market madness in China better than the case of online video stock Beijing Baofeng Technology.  Photograph: China Daily/Reuters

Hedge fund fees are a joke. Often, so is the criticism of hedge fund fees. Take the faux outrage that greeted last week’s Institutional Investor annou(...)

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