Cliff Asness And Jack Bogle Debate Active Management
While the conversation started with pension funds, if you get AQR Capital Management co-founder Cliff Asness and Vanguard Group founder Jack Bogle onstage together it’s inevitable that active management, and the fees that come with it, will come along for the ride.
Explaining why he thinks state pensions are in trouble, Bogle says that we’re looking at about 7% returns from . . .
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