Comment & Analysis
Why there are still active asset managers
“After costs, the return on the average actively managed dollar will be less than the return on the average passively managed dollar.” This was William Sharpe, the Nobel-winning economist, back in 1991 when index-investing was a decidedly niche pursuit. “The proof”, he added with a flourish, “is embarrassingly simple.” What…
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Click here to read the full story: Financial Times