Revisiting Active US Equity Management: A Cyclical Story

Revisiting Active US Equity Management: A Cyclical Story by Cambridge Associates

What a glorious time to be a US equity investor! Markets have charged ahead nearly uninterrupted for several years—the S&P 500 and Nasdaq are hitting new highs; the momentum looks like it will go on forever; and who needs active managers that can’t keep up with passive indexes, where everyone is piling in? It will be exciting to see what the new millennium brings as we sit here in 1999! Oh, you thought...

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