BULL’S EYE: Don’t throw your toys, get some new toys
It’s a bunch of fun to tear the hide off fund managers, but maybe they just need to try using alternative assets
One should not be surprised at the amount of bad feeling directed towards fund managers.
Even before the passive investment craze kicked in and cheap ETFs made active investment management look like a doomed pursuit, the poor devils running your unit trust or pension fund would get it in the neck for any reason you could think of.
Not beating the benchmark. Check. Fees too high. Check. And so it went, pick your poison. Even the lowliest stock-picking novice thought he could do better...