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10 Wednesday AM Reads

The Big Picture

. • London’s Natural History Museum: Wildlife Photographer of the Year Competition Winners : The museum said in a release that an international panel of experts had selected the 19 finalists out of more than 38,000 entries from nearly 100 countries, based on their “originality, narrative, technical excellence and ethical practice.”

Ethics 141
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The Impact of Public Retirement in Texas

Park Place Financial

In Texas, public pension trusts hold over $250 billion in combined assets. Review of investment practices: The bill adds ethical conditions to amendments made during the 86 th Legislative Session regarding independent investigations into investment practices. The law also includes compliance standards for FSRPs.

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Global Leaders Investment Letter: August 2022

Brown Advisory

As economies decouple and deglobalise, prior “just-in-time” firms will move to “just-in-case” inventory, so it won’t be surprising to see RoICs come down without an offset in either asset turns or profit margins as they carry more robust inventory levels. Ethical AI is a highly nuanced subject and is at the top of our engagement priorities.

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Top Founder’s Family Managed Companies in India!

Trade Brains

At the time of his death in 2002, Reliance was already a conglomerate having its business in the Oil and Gas, Refining, petrochemical, Electricity, Telecom, and Financial services industries. After a bitter feud, the assets were split between the two brothers Mukesh and Anil Ambani. In 1973 the company was renamed Reliance Industries.

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Global Leaders Investment Letter: June 2022

Brown Advisory

Long duration assets are losing favour given higher rates act like gravity on the price of securities whose intrinsic value is based on cash flows generated further into the future. Another hidden impact comes as maintaining the current asset base becomes more expensive when the replacement cost of maintenance capex rises with inflation.

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Transcript: Eric Balchunas

The Big Picture

And so, I was doing that in 2000, 2002, 2003, 2004. And honestly, I — I just really was like a one-man army for a little while, but then the asset started come in. Ninetry-seven, 98 percent of Vanguard’s assets came after Jack Bogle stepped down as CEO. RITHOLTZ: … successful indexing, not attracting assets.

Assets 161