Active managers don't get enough credit, study says

A study co-authored by finance professor and interim dean of the Mendoza College of Business Martijn Cremers found that "the conventional wisdom is too negative on the value of active management." The research was highlighted in a story that appeared in Financial Advisor…

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A study co-authored by finance professor and interim dean of the Mendoza College of Business Martijn Cremers found that "the conventional wisdom is too negative on the value of active management." The research was highlighted in a story that appeared in Financial Advisor.

"Active managers have a variety of skills and tend to make value-added decisions, such that, after accounting for all costs, many actively managed funds appear to generate positive value for investors," the professors wrote.

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