MPT and the Fiduciary Wars – Part 3

This post deals with arguments against MPT from the legal side of the debate, in particular with respect to Fiduciary responsibility. 

As discussed in previous posts, the issue of Fiduciary responsibility is being pushed to the fore in retail financial services and the issue of what is and what is not prudent investment practise to satisfy fiduciary type obligations is important.  My viewpoint for the last 2 decades has been that MPT ignores key market risks and that these key market risks do need to be managed. 

Continue reading