Peter Douglas CAIA

Over >30 years working in the financial services industry, it’s always frustrated me that most financial services advice delivered to individuals is, bluntly, awful. But maybe, at last, fintech could give cause for optimism. To start with, the gripes. Sometimes there’s genuine bad intent. The very first

Much “investor education” involves persuading savers that they need to invest in listed equity assets in order to build their wealth. This is outdated advice. The argument is that long-term wealth accumulation, to fund long-term liabilities such as retirement or childrens’ education, needs higher returns (and therefore higher risk) than

Alternative Investments – hedge funds, real estate, commodities, private equity, structured products, and the like – as opposed to stocks and bonds. But alternative investing is as much a mindset, as it is about specific investments. Alternative investment approaches are used every day by investors around the world, that are applicable to

ETFs are very helpful tools, and they’ve disrupted the asset management industry in favour of the consumer; but they are not a panacea for equity investment. There’s plenty being written about the inexorable rise of ETFs. In the US, they already account for 37% of all equity assets:

I attended a small capital introduction event in Singapore recently, arranged by Goldman Sachs. The three managers presenting were exceptional - this was a carefully "curated" event. Over and above reviewing the opportunity to allocate to skillful custodians of capital, I found myself jotting down some home truths

I attended a small capital introduction event in Singapore recently, arranged by Goldman Sachs. The three managers presenting were exceptional - this was a carefully "curated" event. Over and above reviewing the opportunity to allocate to skillful custodians of capital, I found myself jotting down some home truths

I attended a small capital introduction event in Singapore recently, arranged by Goldman Sachs. The three managers presenting were exceptional - this was a carefully "curated" event. Over and above reviewing the opportunity to allocate to skillful custodians of capital, I found myself jotting down some home truths

I attended a small capital introduction event in Singapore recently, arranged by Goldman Sachs. The three managers presenting were exceptional - this was a carefully "curated" event. Over and above reviewing the opportunity to allocate to skillful custodians of capital, I found myself jotting down some home truths

I attended a small capital introduction event in Singapore recently, arranged by Goldman Sachs. The three managers presenting were exceptional - this was a carefully "curated" event. Over and above reviewing the opportunity to allocate to skillful custodians of capital, I found myself jotting down some home truths

Good money managers need a number of attributes: fiduciary responsibility, deep-seated personal ethics, humility in the face of Mr. Market, the ability to communicate what they do to peers and clients, and of course the ability to manage money. My thesis is that in the future, success will come from

My friend Adrian Gmuer shared a commentary by the MIT endowment investment team, looking back at the endowment’s learnings from the last ten years. It’s a very powerful commentary, in particular as many of the learnings are at odds with what the academic community tells… but very much

A recent and widely-reported study that suggested that the name of a hedge fund correlates with certain performance and commercial characteristics, has gained some traction recently. In summary, the study suggested that funds with names that contain words suggesting economics and geopolitics, or that convey power, raise money from investors

I started a fund research company in Singapore in 1998, largely because it was what I felt I could well, the profession of fund analyst didn’t exist, so I had to employ myself! That was well over 10,000 professional hours ago (probably more like 30,000) and an

State Street Research and the CFA Institute produced a research paper in 2016 “Discovering Phi”. It posits that the “edge” (the reason for sustained outperformance) of successful money managers is motivation… that they have created an environment and a team that is motivated to do better. The paper caught my