There once was a time when working at a hedge fund was a sure-fire way to show that you had made it. But something happened to change all that.
Unemployment is low in many parts of the developed world. Perhaps as low as it will go this cycle. The next thing on the economic agenda is wage growth.
Exchange traded funds (ETFs) own such a big (and growing) chunk of stock. The so-called passive investors. But don’t be mistaken. These funds aren’t quite as passive as you think.
Once the bastion of true competition — capitalism — is now at the behest of activists. It is the world of so-called ‘passive’ investing.