FYI: For devotees of actively managed mutual funds in 2015, even when you won you lost.
Take funds that do value investing in the biggest companies, the one corner of the market where stock-picking managers actually did better than benchmarks last year. By one definition, it was a good year: more than half of large-cap active managers in the category posted returns that exceeded relevant indexes in 2015. That return? Negative 4.2 percent.
Regards,
Ted
http://www.bloomberg.com/news/articles/2016-01-15/value-trap-best-year-for-active-stock-picking-ends-up-losing-4-
