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Skill, Scale, and Luck in Active Management

Skill, Scale, and Luck in Active Management

Enterprising Investor · CFA Institute

June 16, 20166m 6s

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Show Notes

In Episode #286, Investment manager and author Jacques Lussier, CFA, discusses what, other than superior analytical abilities, leads to investment manager outperformance, as well as the proper way of assessing investment manager performance. Hint: a factor-based approach is his preference. Additionally, Lussier discusses the important role that risk management has in driving outperformance, as well as what kinds of clients make for the best kind of client for investment managers.