Craig Lazzara, senior director of US equities at S&P Indices, explains the truth behind benchmarks and the themes and variations that exist in the fund management industry.
Markets have indices; portfolios have benchmarks. This distinction is more than a semantic nicety. It influences, for good or ill, the way many fund groups hire, evaluate, and compensate their managers....
Slow progress in improving diversity
Share purchase deal with assets of £28m
Came into effect in January
Three examples of compensation rule issues
Buying in baskets