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 on- and off-stage antics at the extravagant Milken Global Conference in Los Angeles tell us a lot about where institutional capital is right on the money – and where it is putting its head in the sand. And while the event retains the extraordinary intellectual and financial firepower that has always been its signature, something has shifted. The absences are as instructive as what's on the program.
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