Defense Of Active Investment Management By Legendary Fund Managers Is Rather Passive
A recent confab of the most storied fund managers in history addressed the value of active investment management in a rather, well, passive way. The event hosted by Ariel Investments in Chicago was, in part, used as a platform to argue why active managers, nearly 80% of whom don’t beat stock benchmarks, should receive investor assets over lower cost passive investments. The arguments were nuanced and focused on integrating with passive methods . . .
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