Financial Times reports on the challenges facing active managers, as well as the underperformance. The article notes that “in the first quarter of 2016 most failed to beat whatever market…
Tag: active management
Underperformance Among Active Managers in First-Quarter Volatility
A recent Bloomberg article highlights the first-quarter’s unusual volatility, and the underperformance of many active managers – a group one might expect to have gained in such conditions. The article…
Indexing Continues to Put the Smackdown on many Active Fund Managers
Bloomberg reports on a recent study by S&P Dow Jones Indices that found most active managers underperformed the relevant S&P benchmarks. Specifically, 66% of large-cap, 57% of mid-cap, and 72%…
Sticking With the Best Alpha Generators
Barron’s profiles Dan Wiener, who runs The Independent Adviser newsletter , founded the firm Adviser Investments, and was ranked number 69 on Barron’s list of the top independent investment advisers.…
Learning from Swensen's Success at Yale
Yale’s endowment fund has performed exceptionally well under David Swensen, returning an average of 10% per year since 2005, beating all major stock indexes and all but 2 of Morningstar’s…
Active Management: A Deeper Look at 2014
One widely reported theme of 2014 was the struggle of active fund managers, with the vast majority of S&P 500-benchmarked funds lagging the index over the year. But in a…
Reese on the Active vs. Passive Debate
In a recent interview with TheStreet.com’s Jill Malandrino, Validea CEO John Reese talked about his guru-inspired investing approach, and offered his take on the active vs. passive debate. (more…)