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Vern Sumnicht, MBA, CFP®
Chief Executive Officer
Sumnicht & Associates, LLC |
| “In the February 1, 2009 issue of Economics & Portfolio Strategy Newsletter, Mark Kritzman reports the findings of his study showing that, after fees, the vast majority of actively managed mutual funds (and even hedge funds) fail to outperform benchmark indexes. The costs involved in implementing many of those strategies are simply so high that the managers of those funds cannot provide enough outperformance to overcome them and deliver superior returns..." [more] |
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