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Just How Useless Is the Asset-Management Industry?

Harvard Business Review

Writing under a pseudonym in the Financial Analysts Journal in 1960, mutual fund executive Jack Bogle made "The Case for Mutual Fund Management." After costs, actively managed mutual funds trail the market. trillion in assets in 2010, up from $25.8 trillion in assets in 2010, up from $25.8

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How CFOs Can Take the Long-Term View in a Short-Term Economy

Harvard Business Review

Investors are increasingly seeking firms with long-term growth strategies, rather than ones focused on managing short-term earnings to boost the stock price. As head of the world’s largest asset manager, with $4.6 ” Manage expectations on the pace and challenge of experimentation. ” Many did.

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At Olympus and Goldman Sachs, Two Very Different Whistleblowers

Harvard Business Review

For example, the SEC in 2010 had charged Goldman with misleading some of the parties to a billion dollar transaction (involving a complex derivative called a synthetic collateralized debt obligation), alleging specific facts about undisclosed conflicts of interest. But, in the op-ed, not a single charge was backed up with a single fact.