When cheap is not cheerful

Investors are rightly nervous when a well-regarded fund manager retires. The departure of Bruce Stout from the £1.9bn Murray International (LSE: MYI) in June last year after 20 years was no exception.

More than two in five US adults are now classified as obese, and rates are rising across the rest of the world too. It is a chronic disease associated with a costly catalogue of long-term ill health,

Andrew Van Sickle: Peter, your fund is among relatively few investing solely in a collection of investment trusts (ITs). How did you come to set it up? Peter Walls: My background is entirely in the wo

Last year was a horrible year for the active fund-management industry. Investors have consistently been pulling money from active investment funds over the past decade, but outflows accelerated in 202

“The failure of economists to forecast recessions is virtually unblemished,” notes Prakash Loungani, assistant director at the International Monetary Fund (IMF). This includes the economists at the IM

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