Professional investors can review published thought leadership and market updates from the Argonaut Investment Team.

1 post found for June 2014

‘Risk and roulette’

Risk is often always viewed as undesirable. But without risk, active fund management can never generate the necessary superior performance to justify its existence: no traditional long only manager could beat the market; no absolute return manager could beat cash. Diversifying away all risk is therefore never appropriate for an active fund manager: without risk, we are condemned to perpetual mediocrity. To the outside world, the stock market is often seen as incorporating the kind of binary risk…