Mauboussin: Active Bond Managers Deserve Their Fees

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Rupert Hargreaves
Published on
Updated on
Michael Mauboussin

During the past ten years, active equity funds in the US have suffered $1.1 trillion of cumulative outflows, while flows into passive funds have reached $2.4 billion. The shift from active to passive has not been so pronounced in the bond market, in fact, active managers are still reporting positive flows in this section of the market. During the past decade, active bond funds have seen inflows of roughly $935 billion slightly less than the inflows into passive bond funds of $960 billion. Q1 hedge fund letters, conference, scoops etc For more up-to-date hedge fund content, and exclusive access to value-focused…

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk