31 Aug 2017
This month, Peter writes about poor active management and also looks at the position of Seneca Investment Managers in the world fund manager rankings.
"I abhor poor active management.
"I abhor it because there are so many individuals whose retirement savings have been invested in poor products; because it has given the active management industry in general a bad name; and because the big firms who are among the worst offenders continue to peddle the notion that bigger is better – witness a certain recent merger – when in fact my - and Warren Buffett’s! - opinion is that the opposite is the case."
To find out more and read the full investment letter, please click here or on the link below.
See more about Seneca Investment Managers in Tools & Resources
Join the Panacea community for free and recieve news, guides, whitepapers, event information, special offers and more!