An article in Financial Advisor discusses two new studies: the first from PGIM Investments, which echoes what might become the conventional investment wisdom for the near future: selective active management…
Tag: active vs. passive
Active Managers Rarely Add Value Says Head of Public Pension Fund
The head of CalSTRS, the second-largest public pension fund, said in a recent interview with CNBC that active managers rarely add value after fees. Here is a summary of comments…
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…
The Different Shades of Active Management
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…
Active Underperforms Passive on Risk-Adjusted Basis
A recent article in Advisor Perspectives outlines new research findings showing that actively managed funds underperform their benchmarks on a risk-adjusted as well as an absolute basis, and the findings…