FYI: As I have explained before, the holy grail for which many investors are searching is the ability to identify in advance which of the very few actively managed funds will go on to outperform in the future.
An overwhelming body of research has demonstrated that past performance not only doesn’t guarantee future performance, it has virtually no value whatsoever as a predictor. The only value of past performance seems to be that poor performance tends to persist—with the likely explanation being high expenses.
Regards,
Ted
http://www.etf.com/sections/index-investor-corner/swedroe-distinctive-hedge-funds-still-lag?nopaging=1
