FYI: (This is a follow-up article) (Click On Article Title At Top Of Google Search)
When Morningstar assessed the performance of US mutual fund managers, who oversee $13tn, the message was the same it has been for years, only more so: in the first quarter of 2016 most failed to beat whichever market they are professionally judged against, and the proportion who did prevail was the smallest since at least 1998
Regards,
Ted
https://www.google.com/#q=Travails+of+the+active+fund+manager+may+only+just+be+beginning++FT
