Investors' Alphabet: I is for Information Ratio

My twin brother is a gambler. Not in the dingy "bet-your-child's-college-fund" kind of way, but that’s only because he doesn’t have a child yet.

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He’ll bet on any sport, be it tennis, cricket or rugby, but his real passion is football. With this in mind he obviously has a vested interest in the Euro 2008 championships.

To cover his extraordinary losses for this year he decided to go against form and bet on two unusual teams, Austria and Russia.

Both teams were outside favourites, especially Austria, who have since crashed out of the tournament.

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