Active management is a zero-sum game, Fama says

Finance professor Eugene Fama reiterated his opposition to active management strategies and their associated fees at the Investment Management Consultants Association's Advanced Wealth Management Conference in Chicago. He dismisses hedge funds for those reasons. "Active management is a zero-sum game before cost, and the winners have to win at the expense of losers," he said.

View Full Article in:

InvestmentNews (free registration) · Financial Advisor online

Published in Brief: