Active management has become popular again, with more than half of actively managed large-cap mutual funds on track to outperform their benchmarks for the year, according to Goldman Sachs data…
Tag: active management
Beating the Market—By Lying
Fund managers have been changing the benchmarks they compared themselves to in order to make their past returns appear better than they really are, reports an article by Jason Zweig…
Active Managers’ Winning Streak Won’t Last
In a piece for Bloomberg Opinion, Nir Kaissar questions whether the current winning streak of active managers can last. Of the 2,850 actively managed mutual funds in the U.S., almost…
Alpha Boils Down To One Thing In Active Management
Picking the right stocks is the single most important thing to generate alpha, contends an article in Institutional Investor. According to a recent study from Inalytics that is cited in…
This Could Be The Golden Age of Active Management
In an interview with Barron’s, Raj Sharma, managing director of the Sharma Group at Merrill Lynch Private Wealth Management, says that having an advisor is more valuable and important in…
Goldman Calls Out Active Fund Managers For Missed Opportunities
Active fund managers lost outperformance opportunities in 2021, and investors should stay away from companies with more exposure to wage inflation, Goldman Sachs strategists wrote in a note, according to…
Greenblatt and Pzena on Active Management in 2021
In a recent investing masterclass, longtime friends Joel Greenblatt (Gotham Funds) and Richard Pzena (Pzena Active Management) shared insights on the state of active management and what it means to…
In a Turbulent Year, Active Managers Struggle to Prove Their Worth
Although traditional money managers have long argued that they would prove their value in the next downturn, it looks like 2020 will “end up as another muddled year for active…
Why the S&P 500 is an Active Portfolio, and Other Observations on the Stages of Active Management (Ep. 44)
Active management deserves all the criticism it gets. After all, over 80% of equity managers underperform their benchmarks over the long-term and active managers charge vastly higher fees compared to…
Chuck Royce: Small Stocks Poised for Rebound
In a recent interview with Barron’s, veteran stock picker Chuck Royce said that active management and value investing will survive, and small-caps are headed for a rebound. Here are highlights…