Epic Fail: Another Dismal Year for Active Management
March 12, 2015 at 14:00 PM EDT
Extending a theme that has received more attention as the exchange traded funds industry has boomed, active managers notched another batch of dismal performances in 2014 despite an almost 14% jump by the S&P 500. The benchmark U.S. index “had its third straight year of double-digit gains in...