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As Director of Research for the Ford Foundation, Larry Siegel is part of a
team that manages $13 billion in assets. We review his most recent
research, which addresses the task of separating
alpha from beta in various investment vehicles, and why advisors
should not pay "alpha fees" for "beta performance."
Fund labels - the classifications placed on funds by the fund management
company and by data vendors - may not be a good guide for creating a
properly diversified portfolio. Using data from FundGrades, we show
how fund labels can mislead advisors
seeking the proper mix of diversification, risk, and historical returns in
a balanced portfolio.
Ron Surz provides his award-winning
market analysis for Q2 of 2008, showing that the 2000 decade has
been one of the worst in history. Unless there's a significant rally
in the next 18 months, the 2000s will prove to be one of the worst
performing US stock market decades, the likes of which have not
been seen since the 1930s.
A Letter to the Editor continues the discussion on Peak Oil, with a reader supporting the
views presented by Dick Vodra three weeks ago.
We highlight several recent submissions to Advisor Market Commentaries: an
analysis of the Warren Buffett S&P
500 wager by John Mauldin, a case for staying the course in today's markets by Patrick Byrne,
and Harold Evensky's June
newsletter.
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