News

Kay Review: Busting the Alpha Myth

Equity markets are rife with short-termism, but there are other problems too – relative performance is killing alpha creation, leading economist John Kay claims in a far-reaching review.

Size of GM’s Pension Deal With Pru Determined Soon

By Friday, 42,000 General Motors retirees must choose whether to take a lump-sum payment or receive an annuity from Prudential Insurance, thereby determining the size and scope of the GM’s watershed pension risk transfer deal with Prudential.