Join us for an introduction to our podcast, Elephant in the Room, as we kick off our inaugural season focused on Trust in investing and asset management. This podcast is an attempt to shed light on lesser understood topics in the world of investing. It is an ongoing search for truths which are often hidden in plain sight.Ep.3: Mark Carhart – Algorithms vs. Humans
As part of Season One’s exploration of Trust in asset management, Peter Kraus and his guest Mark Carhart talk about quantitative investing, how it differs from traditional human-driven decision-making, and the potential ups and downs it may face in the future.Ep.2: Peter Kraus – Hidden Fees
As part of Season One’s exploration of trust, Ep. 2 takes a look at a class of fees – sometimes referred to as “revenue rebates” or “sub-transfer agency” which are paid by asset managers (mutual fund companies) to intermediaries (broker-dealers). Because these fees are often paid out of the asset manager’s management fee, most retail clients are unaware that they exist, or that they effectively increase the overall fee they are paying to their broker-dealer. In this episode, Peter Kraus discusses how the industry ended up in this situation, what’s being done to add more transparency and fairness to the marketplace, and what investors can do to make themselves more knowledgeable, active stewards of their own capital.Ep.1: Season Intro – Trust
Aperture Investors CMO Matthew Siegel provides a brief introduction to the Elephant in the Room podcast and to the focus of the first season: Trust. He discusses the trust deficit that exists between asset managers and their clients, and the global lack of trust in financial services as a whole. This short episode is an introduction to Season 1 of EITR.