Vision matters – but so does implementation

Jim Creighton | Ironbark Longreach HQI | 21 August 2019 | 0.50 CE

Portfolio managers do not have perfect vision. It is possible to measure prediction accuracy for active managers – and doing so reveals predictions for future returns are less than the 20/20 vision to which we aspire. Prediction accuracy influences optimal portfolio construction, with better prediction accuracy meaning optimal portfolio construction results in more con...