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Culture is at the heart of competitive advantage today - this is particularly the case for investment firms where people and their judgments are the chief assets.

Carol Geremia | 0.25 CE

Culture is at the heart of competitive advantage today; this is particularly the case for investment firms where people and their judgments are the chief assets. A strong culture in investment management firms is a requirement for sustainable alpha-generation.

It remains possible to generate alpha from liquid strategies but investors must shift their focus away from short-term performance, and towards longer-term measurements of success.