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Lockstep Moves Ease, Futility Doesn't For U.S. Equity Managers

TedTed
in The Bullpen
FYI: It was a stock picker’s market in the first quarter. Too bad about the stock picks.

By some measures, active managers got what they’ve been hoping for in 2016, at least on paper: correlated moves among equities unwound to the lowest levels since 2012 and breadth, or the number of stock advancing, came roaring back. Both are viewed favorably by anyone trying to beat an index.
Regards,
Ted
http://www.bloomberg.com/news/articles/2016-04-05/lockstep-moves-ease-futility-doesn-t-for-u-s-equity-managers
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