Editor's Letter - In praise of the 't' word

And this is a good thing. For far too long now the smoke-and-mirrors approach to money management has blighted the investment management industry. The sooner the industry gets to the point where transparency into performance, pricing, strategies, and (dare I say it?) position-level data becomes a non-issue, the better. I'm not for a moment suggesting that a buy-side firm should divulge its secret sauce (or whatever it is that it believes provides it with a competitive advantage), but I don't