“Remember, benchmark performance — beta — can be had for virtually free; alpha is what active managers are paid to generate.” Paul McCulley

I always try and have some investment-related theme in my posts.  For those of you who read these expecting that investment idea and despair when I ramble on about something…

Continue Reading“Remember, benchmark performance — beta — can be had for virtually free; alpha is what active managers are paid to generate.” Paul McCulley