TAG: Active vs. Passive
Most of the country’s largest pension plans hire consultants to help them pick winning managers. They assume, of course, doing so will lead to better results. Evidence to validate this assumption has been unavailable, until now.
Another new year has begun, which means the financial media’s “Where to Invest Now” guides are coming to newsstands near you. As usual, headlines will look something like “Top Stock Picks from Top Pros” and “Make More Money in 2015.” Investors hoping to profit from these expert predictions should first review these publications’ can’t-miss picks from last year.