Investment Insights Podcast – April 1, 2014

Bill MillerBill Miller, Chief Investment Officer

On this week’s podcast (recorded March 31, 2014):

  • What we like: CBS’s “60 Minutes” segment on high-frequency trading; traders may have an unfair advantage on trade execution, so regulators looking into it
  • What we don’t like: Inflammatory aspect of segment saying all of Wall Street is rigged, but that isn’t the case; millisecond in time in trade execution doesn’t impact all types of investing; even with high-frequency traders, today we’re trading cheaper, better, and faster
  • What we are doing about it: Spread trades across custodians, brokers, etc.; try not to limit our trades to any one, specific entity; pleased with our order execution, but look forward to regulators taking a hard look at high-frequency traders

Click the play icon below to launch the audio recording.

The views expressed are those of Brinker Capital and are for informational purposes only. Holdings are subject to change.

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