The Decline of Fund Managers

This Wall Street Journal article discusses how and why the investment industry is transitioning from active management to index-oriented portfolios built around the client’s situation.  While of course we have a strong bias toward the low-cost, index-oriented investment approach, conviction from a no-nonsense industry leader such as Charles Ellis is certainly nice confirmation.

Link  |  The Decline of Fund Managers (Wall St. Journal)

Stay in touch with us through the following feeds: