Timothy F. McCusker | Source | Partner & Chief Investment Officer at NEPC
Timothy F. McCusker
Partner & Chief Investment Officer at NEPC
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NEPC (https://www.nepc.com)
Partner & Chief Investment Officer
started Feb 2006
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Stock Pickers Are Getting Trampled by the Bull Market
Higher volatility was supposed to favor active fund managers, but few of them are beating passive ETFs than in 2017.
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We expect active managers to underperform in euphoric markets. We're in the late stage of a market where fundamentals are being less rewarded.