The Asset Allocator: Elm Partners' Victor Haghani On 'Active Index Investing' (Podcast)

Jul. 26, 2019 5:00 AM ET2 Comments
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Summary

  • Victor Haghani, founder of Elm Partners and previously a co-founder of the Long-Term Capital Management hedge fund, is an advocate of “active index investing."
  • That is to say, he wants the passive advantages of low cost and efficiency, but with the ability to actively shift asset allocation as markets shift.
  • This is Haghani’s solution to “the missing billionaires” problem, which holds the failure to harvest market returns, may be why today’s billionaires are fewer than population statistics would have foretold.
  • Haghani discusses his own advisory business model at length.

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Victor Haghani, founder of Elm Partners and previously a co-founder of the Long-Term Capital Management hedge fund, advocates “active index investing.”

In this podcast interview (14:20), Haghani argues that marrying the low cost and efficiency of passive indexes to a rules-based asset-allocation discipline can provide investors with the growth they need at a fraction of the cost of active investing.

This article was written by

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GIL WEINREICH - Author of "The Mentor," a unique parable for financial advisors and those who aspire to become one. I have worked in the FA arena since 1997, and during that time, the New York State Society of CPAs twice awarded its prestigious Excellence in Financial Journalism award to me for a monthly column I wrote on business ethics. Previously, I reported on international news for Voice of America (where I was awarded a newsroom writing award) and prior to that worked as an editorial assistant at U.S. News and World Report. I live with my wife and children amidst the verdant and vibrant hills and dales of Jerusalem.

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