FYI: One select group of active asset fund managers is actually earning their keep, outperforming the market substantially between 2000-2012.
One small problem: unless you are a large institution they are not taking your money.
A new working paper, covering $25 trillion of assets under management, found that managers who handle money for institutions like pension funds have beat the market
Regards,
Ted
http://www.reuters.com/article/markets-saft-idUSL2N17F10Y
