The majority of the Yale University endowment fund is invested with active managers but, if you compare its returns to low-cost active strategies rather than to passive indices, “Yale’s active…
Day: April 24, 2017
The Relationship Between Stocks and the U.S. Dollar
While the dollar’s relationship with the economy as a whole is relatively “murky,” the relative performance of U.S. and foreign equities against the dollar is more distinct, writes Ritholtz Wealth…
FPA Crescent is a Winning Active Fund
“There is no index fund—or other active fund, for that matter—that behaves like Crescent,” writes Morningstar’s John Rekenthaler. The article explains that Crescent’s asset allocation over time contributes to its…