Part 3 of how to win the loser’s game documentary on evidence-based investing looks at the dismal performance record of actively managed funds.
Actively Managed Funds: How to Win the Loser’s Game
Gates Capital Management's ECF Value Funds have a fantastic track record. The funds (full-name Excess Cash Flow Value Funds), which invest in an event-driven equity and credit strategy, have produced a 12.6% annualised return over the past 26 years. The funds added 7.7% overall in the second half of 2022, outperforming the 3.4% return for Read More