The return of active management

Clime Asset Management

Average holding periods of equities have never been shorter, sitting at 8.3 months for EOY2015. The introduction of electronic trading has provided market-makers with some degree of liquidity during times of increased volatility, leaving markets extremely short-term focused. This in turn, can arguably lead to far greater short-term volatility, which creates fantastic opportunities for value investors. Active managers who are value-driven and take conviction positions should be well-placed to take advantage of mis-priced assets and prove their worth over the long-term. (VIEW LINK)


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