Ritholtz's Reads: Active Fund Performance Math

Barry Ritholtz is a Bloomberg View columnist. He founded Ritholtz Wealth Management and was chief executive and director of equity research at FusionIQ, a quantitative research firm. He blogs at the Big Picture and is the author of “Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy.”
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Welcome back to the monkey house. Grab a banana, and swing into our morning train reads:

• Active Fund Performance = Index Fund +/- Skill - Expense Difference - Tax Difference (Morningstar)
• Finance Industry Innovators: Another year of best-in-class investing 2015 (CIO)
• The Endless Parade of Recession Calls (Calculated Risk)
• How Technology Will Transform Retirement (WSJ) see also Robotic trading is killing Wall Street jobs (NY Post)
• Buying Value Stocks Has Been a Losing Strategy: After decades of beating growth stocks, value stocks have fallen out of favor since the financial crisis. (Barron’s)
• All the Product Reviews Money Can Buy (NYT)
• A cautionary tale of relying on demographic projections (FT Alphaville)
• Why Behavioral Economics is Cool, and I’m Not (Medium) see also Born to Be Conned (NYT)
• The Senators Who Voted Against Background Checks Have Received $27 Million From the NRA (Mic) see also ‘Killing Ourselves’: 35 years of newspapers making statements about gun violence (WaPo)
• What You Can Do About Climate Change (The Upshot)

Be sure to check out our Masters in Business interview with Roger Lowenstein, author of "When Genius Failed: The Rise and Fall of Long-Term Capital Management." His latest book is "America’s Bank: The Epic Struggle to Create the Federal Reserve."

Equity Hedge Funds Have Trailed the S&P 500 in the Past Six Years

Source: WSJ

This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.

To contact the author of this story:
Barry L Ritholtz at britholtz3@bloomberg.net

To contact the editor responsible for this story:
Stacey Shick at sshick@bloomberg.net