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Passive Investing Takes A Bite Out Of Driehaus

FYI: (Click On Article Title At Top Of Google Search)
The market forces rocking traditional mutual fund firms are battering one of Chicago's biggest brands: Driehaus Capital Management. The firm liquidated an underperforming fund in June, just months after its longtime CEO resigned, and assets under management have dropped a third from a nearly $13 billion peak.

It's not an easy time to be in the stock-picking or bond-selection business, with investors flocking to funds that mechanically follow indexes and cost less than old-school funds tied to manager strategies. In the years since Richard Driehaus launched his mutual funds in 1996, the firm's prominence grew alongside assets, but it's fumbling for a new footing now.
Regards,
Ted
https://www.google.com/search?q=Crain's+Passive+investing+takes+a+bite+out+of+Driehaus&spell=1&sa=X&ved=0ahUKEwikgIzlqO3XAhUCmoMKHUzHCF0QBQgkKAA&biw=1200&bih=554

M*: Driehaus Family Of Funds:
http://quicktake.morningstar.com/fundfamily/driehaus/0C00001YVC/fund-list.aspx
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