There's a really good Podcast on the topic that came out yesterday actually, I'm not a regular listener to Podcasts (I prefer reading!) but Bloomberg has an article on it this morning and it caught my interest.
Basically it's David Einhorn, founder of Greenlight Capital one of the original Value firms, taking about how they've changed their investment style because of the growth of passive.
David Einhorn: Market Structures Are Broken - Masters in Business - Omny.fm https://omny.fm/shows/masters-in-business/david-einhorn-market-structures-are-broken
Google Einhorn and Bloomberg and you'll probably find the article.
I've not heard the PTM investment team really address the issue. Until recently the CIO was likely distracted by also being CEO.
Ann: Funds Under Management - January 2024, page-48
Add PTM (ASX) to my watchlist
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Last
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Mkt cap ! $593.8M | |||
| Open | High | Low | Value | Volume |
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| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
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Change
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| Last updated 15.59pm 31/05/2024 ? | |||||
| PTM (ASX) Chart |