Barron’s cites Inalytics paper in discussion on why skill in selling is so rare

Barron’s latest Streetwise column examines how even professional investors struggle with selling decisions. With insights from our recent academic paper, Selling Fast and Buying Slow, data from the Inalytics Peer Group revealed that whilst institutional investors have investment skill in buy decisions, selling decisions on the other hand underperform substantially.

Barron’s, Even the Best Investors Stink at Selling Stocks: “Perhaps, the researchers theorise, there is an “asymmetric allocation of cognitive resources” at work—that is, the portfolio managers are simply doing far more homework on their purchases than their sales”.

To find out more about how Inalytics analyse decision making and portfolios to help you improve the investment process and select skilful portfolio managers, please contact us.

Financial Times highlights the importance of investment research with Inalytics

The Lex Column in the Financial Times featured Inalytics analysis on the importance of successful research in the investment process. The column included the results from our recent Research Paper, The Foundation for Alpha. The paper analyses investment skill, and more specifically, the relationship between successful decision making in the research process and the ultimate goal of alpha generation.

Read the FT, Lex Column: Investment research: tipping points. Active managers will prosper when they can consistently beat indices

To find out more about how Inalytics analyse decision making and portfolios to help you improve the investment process and select skilful portfolio managers, please contact us.

Lion Global Investors works with Inalytics for its curated portfolios range

Lion Global Investors, a Singapore-based asset manager with over US$43bn of assets under management, will use Inalytics to help select and monitor active managers in its range of curated portfolios.

Inalytics is excited to be working with Lion Global Investors in helping their team identify investment skill and select best in class managers.

On announcing the collaboration with Inalytics, Gerard Lee, CEO of Lion Global Investors, stated: “With Inalytics, we are better equipped to establish the link between process and performance, a link which is often ignored by just focusing on performance numbers.”

Rick Di Mascio, CEO and founder of Inalytics, responded: “We are delighted that Lion Global Investors has decided to use our analysis of investment skill to build their curated portfolios. The service is used by asset owners and fund managers in 10 countries and Lion Global Investors will be the first fund house in Singapore to collaborate with Inalytics.”

To find out more about how Inalytics analyse decision making and portfolios to help you improve the investment process and select skilful portfolio managers, please contact us.

Hedgeweek magazine covers Inalytics’ latest Research Paper

Hedgeweek magazine has covered our Research Paper in a review of how successful research is key to generating portfolio alpha in the investment process. The paper, Research: The Foundation for Alpha, uses the Inalytics Peer Group to analyse the relationship between successful decision making in the research process, alpha generation and investment skill.

To find out more about how Inalytics analyse decision making and portfolios to help you improve the investment process and select skilful portfolio managers, please contact us.

Analysing Investment Skill, a podcast by Inalytics

Analysing Investment Skill is a discussion between two experts from very different worlds, but with one key thing in common; they work with the elite in their professions.

Rick Di Mascio is the CEO and Founder of Inalytics. He has over 30 years’ experience working with the best-of-the-best in the investment world.

Tim Harkness is renowned sports psychologist and data analyst who has worked with athletes at the very peak of their profession.

Together, Rick and Tim share their experiences of working with elite professionals, discussing topics such as motivation, data analysis, self-reflection and coping with pressure.

Press Coverage: Rick Di Mascio’s co-authored academic paper

Industrywide coverage of Selling Fast and Buying Slow

Inalytics’ CEO, Rick di Mascio, co-authored Selling Fast and Buying Slow: Heuristics and Trading Performance of Institutional Investors, an academic paper examining the buying and selling characteristics of institutional investors.

The paper uses anonymised data from the Inalytics Peer Group database and co-authored alongside three academics, Alex Imas from Carnegie Mellon University, Lawrence Schmidt from MIT Sloan School of Management and Klakow Akepanidtaworn from University of Chicago – Booth School of Business.

Within two weeks of its release, the paper was listed in the SSRN Top 10 downloaded papers of the week and has been viewed over 35,000 times since its publication on January 2, 2019. The paper has received critical acclaim and been presented at asset management and behavioural economics conferences around the globe. The analysis on fund manager decision making uses Inalytics Peer Group database as the basis for the study and has been highlighted in many industry articles and discussions.

Press coverage and articles:

Seeking Alpha: You Likely Stink At Selling

Financial Times: Why investors suck at selling stocks

Financial Times: How to pick a successful stockpicker

Institutional Investor: Portfolio Managers Are Good at Buying but Stink at Selling

Morningstar: When Rules of Thumb Fail

Morningstar: What Fund Managers Get Right

The Hans India: Do due diligence well before selling a stock

Roger Montgomery re-inventing the way you invest: Analysis in Selling could be just as important as Buying

UK Uncensored: The dumbest mistake professional investors make

Blog: The Big Picture by Barry Ritholtz: Stock-Pickers Don’t Know How to Sell

Booking:

To book Rick di Mascio to speak at your event, please email Anthony Grocott agrocott@inalytics.com.

For more information about Inalytics, our Peer Group database, and how we use it to identify investment skill, read more About Us.

Brunel uses Inalytics for Emerging Markets manager search

Inalytics is delighted to be working with Brunel Pension Partnership in selecting managers for its Emerging Markets Equities sub-fund. Inalytics will be working with the team at Brunel to identify best in class managers across emerging markets.

Rick Di Mascio, CEO and Founder of Inalytics, responded: “Inalytics is excited to be working with the team at Brunel to find best in class managers for these selection exercises, using our unique approach to assess the quality of fund managers’ decisions. In our twenty years of working with and observing elite managers, we know from our data how skilful managers add value, even in challenging times like these for emerging markets.”

To find out more about how Inalytics analyse decision making and portfolios to help you improve the investment process and select skilful portfolio managers, please contact us.

 

 

Brunel expands relationship with Inalytics

Inalytics is proud to be working with Brunel Pension Partnership (Brunel) on both their transition and manager selection exercises. In July 2018, Brunel celebrated the first anniversary of its launch and passing £6bn of assets under management.

Brunel brings together over £30bn of investments from 10 UK local government pension schemes. Inalytics is excited to expand the working relationship with Brunel, especially given Brunel’s belief in making long-term, sustainable investments supported by robust and transparent processes.

To find out more about how Inalytics analyse decision making and portfolios to help you improve the investment process and select skilful portfolio managers, please contact us.

Hedge Fund Magazine features Inalytics in piece on behavioural analytics

In a piece on behavioural analytics, Hedge Fund Magazine, profiles hows Inalytics provides analytical feedback in order to improve decision making.

Di Mascio, who says his firm has analysed some 100 million investment decisions across more than 900 portfolios, says data shows there are common pitfalls many traders make.

“Instead of doing what they should do, which is run winners and cut losers, portfolio managers typically will cut their winners too early and hang on to losers too long,” he explains.

“The purpose is to provide the link between the decision that they take and the performance to see where the strengths and weaknesses are.”

To find out more about how we analyse decision making and portfolios to help you improve the investment process and select skilful portfolio managers, please contact us.

 

Rick Di Mascio contributes to CFA UK roundtable on Big Data

Inalytics’ CEO, Rick di Mascio, spoke on the challenges and opportunities of big data as part of a Professional Investor roundtable.

A copy of the discussion can be found here: Professional Investor – RDM – Big Data Roundtable

To find out more about how Inalytics analyse decision making and portfolios to help you improve the investment process and select skilful portfolio managers, please contact us.