The latest
Research

The Active-Passive Debate: Bear Market Performance

In this paper by Vanguard Investment Counseling and Research, the performance of active funds in the US and Europe during the seven bear markets since 1970 is evaluated, revealing that the performance of certain market segments relative to the broad market may contribute more to outperformance than manager skill.
STAFF WRITERMay 13, 2009
Investor Profile

Equity bias thwarts Irish sovereign fund’s returns

Ireland’s €15.5 billion (US$20.6 billion) sovereign wealth fund, the National Pensions Reserve Fund (NPRF), has been highly exposed to the equity market malaise. Kristen Paech examines the fund’s investment strategy and the Government’s recent decision to use the NPRF to finance the recapitalisation of two of Ireland’s beleaguered banks.
STAFF WRITERMay 5, 2009
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