◆ ORFEUZ BLOG ◆

Passive funds have become the cornerstone of modern investment portfolios, praised for their low costs and market-wide exposure. But is there more to the story than meets the eye? Could it be that the...

We await SEBI’s findings, yet the notion of a top Indian MF engaging in frontrunning is hardly shocking. The industry still struggles to look beyond mere performance figures, presenting the regulator ...

I kept thinking why was excess volatility so low for Quant MFs and I reached out to a client who runs a large advisory set up and asked him. “Do you know their turnover? I have an intuition it’s very ...

Active and Passive The investment landscape is divided between active and passive investment management. Active management involves selecting individual stocks or securities to outperform a benchmark,...

Everyone needs saving, even Jim Chanos. A man renowned for his short positions—both in the market and the one he received from Elon (if that actually happened), which I’m sure Jim would have kept as a...

Richard Thaler’s famous choice of words began the demise. Decay starts with decreasing relevance. Then science progresses, funeral by funeral (Max Planck). Behavioral finance is slowly disappearing fr...

ESG (Environmental, Social, and Governance) investing is here to stay. It’s naive to believe otherwise. The world is facing the consequences of environmental degradation—wildfires, floods, and melting...

Harvard Management Company (HMC) reported a 2.9% return for fiscal year 2023, a slight recovery from -1.8% in FY22, but still far from its historical average. A closer look at the strategic allocation...

We never anticipated the extent to which computers would proliferate, ultimately providing everyone on Earth with access to one. Similarly, we couldn’t foresee that GPUs would find applications beyond...

In a major shakeup, the Alberta government recently replaced the leadership of the Alberta Investment Management Corporation (AIMCo), signaling a turning point for the organization. AIMCo, responsible...