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Research backs long-term active management

Tom Selby

23 September 2010 •

Active investment managers able to identify strong companies through fundamental analysis outperform their benchmarks by about 120 basis points per year, academic research shows.

A paper - written by Martijn Cremers and Antti Petajisto of the Yale School of Management - is the latest addition to the debate on the value of active fund managers. Cremers and Petajisto looke...

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