Proponents of active management believe that skilled managers can outperform the financial markets through security selection, market timing, and other efforts based on prediction. Data suggests active managers do not consistently deliver on this promise, according to research provided by Standard & Poor’s. more...

Bernie Madoff had it all. Besides stellar returns in his managed fund, posh lifestyle in New York City, and famed reputation, above all, his clients trusted him. Trust is something that comes as a result of performing smaller services well or from respected individuals. more...