On a recent trip to the US, Josh Matthew, Managing Partner at MASECO, was lucky enough to attend the International Strategic Investment Conference, held in Napa Valley at the end of May. The conference was hosted by Dimensional Fund Advisers – a research-based fund manager with in excess of $300 billion under management.
Josh, James, Rory and Emilia started the week off by having lunch with Senator and basketball legend Bill Bradley. Senator Bradley discussed the history of retirement savings in the US and contrasted the history in Europe. It was a fascinating discussion that gave us all an excellent understanding as to how Americans have become so heavily reliant on 401(k) and IRAs compared to Europeans who still rely more heavily on Defined Benefit plans for their
A recent article published on Bloomberg highlights the fact that equity mutual funds had their worst year in 2011 since 1997, relative to the Standard & Poor’s 500 Index.