What the Experts Say
Active managers have a variety of skills and tend to make value-added decisions, such that, after accounting for all costs, many actively managed funds appear to generate positive value for investors.
— Prof. Martijn Cremers, Mendoza College of Business, University of Notre Dame
All investors, both active and passive — as well as the real economy — benefit from the efforts and cost expenditures of active managers.
— Professor Russ Wermers, Robert H. Smith School of Business, University of Maryland