The Indomitable benchmarks!

Ted

FYI: Active fund managers don't seem to be getting a break now, especially since their performance hasn't measured up for more than a decade. This article continues to clarify this indefensibly calamitous position they are in. We shed new light on how one can mathematically verify how weak these investment managers are, by also using more conservative statistics measures and more closely considering the selection of solid benchmarks themselves.
Regards,
Ted
http://statisticalideas.blogspot.com/2015/04/the-indomitable-benchmarks.html

heezsafe

Well, then there is only one thing left to be done. Isn't it obvious? Go benchmark shopping! Find one that is "a more accurate reflection of our investment methodology," or whatever. Apply to recent results and--- voila!--- retrospectively, the 3- and 5-yr ave. annual returns "just happen" to beat their (new) benchmark as well. What a coincidence! History redone. Fund is now an awesome benchmark beater.