Yes, the World Is Out to Get Active Managers

Market forces and governmental regulators will keep making life tough for active money managers.

Active money managers, it's not personal.

Photographer: Alex Wong/Getty Images

The world is out to get active money managers. As Bloomberg’s Charles Stein reports, they’ve been having a tough economic recovery, with only 21 percent of stock-picking mutual funds beating their benchmarks during the past five years. They (at least, several that Stein talked to) have also identified a culprit on Constitution Avenue:

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