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Even Best Stock Pickers Can't Beat Bots

TedTed
in Fund Discussions
FYI: BlackRock shook the world of active management on Tuesday when it announced that it had fired five of its 53 stock pickers. BlackRock will also move $6 billion of the $201 billion invested in traditional active management to quant strategies.

The announcement may not sound earth-shattering, but it augurs a larger trend: Traditional active management is dying, but perhaps not for the reason you might think.
Regards,
Ted
https://www.bloomberg.com/gadfly/articles/2017-03-30/even-best-stock-pickers-can-t-beat-the-smart-beta-bots

MarketWatch Article:
http://www.marketwatch.com/story/blackrocks-robot-stock-pickers-are-more-of-a-tweak-than-a-game-changer-2017-03-30/print

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