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Why active investment is a zero sum game

Asset owners are increasingly under pressure to find alpha via active management because of declines in beta. Drawing on his research into active strategies at Norway’s Government Pension Fund Global, Maastricht University's Rob Bauer argues active doesn't pay.
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Kotkin talks transition, Ukraine war and western resilience

In a sweeping discussion at FIS Maastricht, Professor Stephen Kotkin argues that Ukraine still has a long fight ahead, China has learnt economic strangulation and diplomatic coercion are a better strategy than invasion in Taiwan - and the west must invest more in its financial systems, military alliances and society.
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