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Does Yale Endowment's Defense Of Higher-Fee Active Management Hold Water?

TedTed
in The Bullpen
FYI: (This is a follow-up article)

Don’t count out active managers just yet, the Yale endowment says.

As Bloomberg’s Janet Lorin reported on Sunday, Yale University’s endowment hit back at “fee bashers” in its recently released 2016 annual report. Yale gave voice to the battle cry of high-priced active managers everywhere: “The important metric is net returns, not gross fees.”
Regards,
Ted
https://www.bloomberg.com/gadfly/articles/2017-04-12/yale-endowment-faith-not-shaken-by-stirring-of-low-fees

Janet Lorin's Sundays Article:
http://www.mutualfundobserver.com/discuss/discussion/32474/yale-endowment-blasts-low-fee-critics-says-gains-would-lag#latest
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