The performance of those markets would, of course, be much poorer for that withdrawal of alpha-seeking cash. I admit I’m biased. It’s good to have lots of smaller super funds around, all trying innovative things to capture their members’ imagination. It makes the industry more interesting to write about. But effectively saying that most members will never share that interest does everybody a disservice
Opinion
The roughly US$2 trillion ($2.8 trillion) sell-off in the global software sector since September 2025 is, while a painful drawdown for growth investors, also a timely reminder that asset owners should be more alert to stock-specific dispersion and hidden concentration risk inside portfolios, writes JANA head of research execution, Matthew Gadsden.






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