Why Hyperactively Managed Funds Outperform
To say that active management has fallen out of favor in academic finance is like saying that leeches have fallen out of favor in medicine. An author who dares to suggest that active mutual fund managers provide value generally causes journal reviewers to reach for their pitchforks.
Research Magazine, "Why Hyperactively Managed Funds Outperform" (2013). In the News. 645.