Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:A CIO Highlights a Loser's Game Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, April 1, 2013

A CIO Highlights a Loser's Game

News summary by MFWire's editors

Investment firms that focus on blame, for example holding people accountable for short-term volatility, don't understand statistics and shouldn't be given your money, according to Jason Hsu, chief investment officer of Research Affiliates.

In a column written for Barron's, Hsu delves into the nuances of selecting investment managers who consistently deliver alpha, and whether such a search is even possible.

He even posits that such an endeavor is really just a matter of playing the "Loser's Game."

Nonetheless, Hsu writes, there seem to be reliable indicators of underperformance, including "the culture of blame," which he deems is "one of the most toxic culture elements for investment management organizations."
Blame has many brothers, including fear, defensiveness, and self-righteousness. When the four horsemen are present, personal accountability, creativity, openness, and learning go into exile. From what I have heard and seen, when blame lives in an investment organization, professionals take joy in second-guessing investment decisions after poor short-term performance.

Read more of Hsu's comprehensive analysis in Barron's

Edited by: Tommy Fernandez


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2025: Q3Q2Q1
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. 2025 MMI Women in Advisory Solutions Forum, Jul 15-16
  2. MFDF Director Discussion Series - Open Forum (Philadelphia), July 15
  3. MFDF webinar - M&A and Consolidation in Asset Management, July 16
  4. Nicsa webinar - How Trusted GenAI is Transforming Data Access in Asset Management, July 16
  5. MFDF webinar - ETF Conversions, July 17
  6. MFDF Director Discussion Series - Open Forum (New York), July 22
  7. MFDF Ask Anything webinar - AI Edition, July 24
  8. MFDF webinar - Use of Derivatives by RICs, July 29
  9. MFDF Director Discussion Series - Open Forum (Columbus, Ohio), August 20
  10. Samfund Soiree Boston 2025, August 21
  11. MFDF webinar - The Audit Committee Chair's Guide to Balancing Duties and Emerging Issues, September 3
  12. ICI ETF Conference, Sep 8-10
  13. Nicsa webinar - Reimagining Reconciliation: AI, Regulation, and Capital Markets Transformation, September 10
  14. MFDF webinar - Series Trust Funds - Compliance and Board Reporting, September 10
  15. MFDF In Focus - Board Oversight of DEI in Current Landscape, September 11
  16. MFDF webinar - MFDF 15(c) White Paper Webinar Series: Part 4 – Enforcement Action Takeaways, September 16
  17. MFDF webinar - Latest in Closed-End Funds Litigations, September 23
  18. MFDF webinar - Fixed Income Insights: Navigating Market Trends & Opportunities, September 24
  19. MFDF webinar - Risk Management Essentials for RICs and Boards, September 29
  20. MFDF webinar - Diligent - Tools for Fund Board Book, October 1
  21. 10th annual Fuse Forum, October 8
  22. MFDF webinar - Essential Strategies in Board Oversight of Operational Risk Management, October 14
  23. 2025 MMI Annual Conference, Oct 15-17
  24. MFDF webinar - Series Trust Funds - Effective Board Relationships with Advisers, October 15
  25. MFDF In Focus webinar - Audit Committee Chair, November 5
  26. MFDF webinar - Mutual Fund CCO Compensations: The MPI Annual Survey Update, November 13




©All rights reserved to InvestmentWires, Inc. 1997-2025
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use