A study released earlier this year by CEM, a Canadian research firm, showed that internal private-equity investments (including co-investments) outperformed external ones by over three percentage points and beat funds of funds by five.
Bleichroeder also did something that is — for the sponsor of a market-beating fund, anyway — almost freakish in an era of runaway fund sales: It cut the fund's expense ratio.
Bleichroeder also did something that is — for the sponsor of a market-beating fund, anyway — almost freakish in an era of runaway fund sales: It cut the fund's expense ratio (see table).
Kelly explains, "If you know your emergency fund has taken a beating, fund that first, then put more money towards paying down debt".
Value funds beat growth funds almost across the board, and big-company stock funds lagged behind those that invest in smaller companies' shares.
Britain's transport industry yesterday received a boost when the chancellor promised to extend inflation beating funding arrangements until 2018.
Equity indexes, consistently and across almost every asset class from large-cap stocks to real-estate funds, beat active stock picking funds over time.
Since the crisis, however, his funds have posted gains that have consistently beat hedge fund benchmarks, though not enough to surpass the losses sustained in 2008.
Over this period, his 27-year tenure, 1,000 pounds would have grown to 147,000 pounds to handily beat the fund's equity benchmark and earn enviable absolute returns for fund shareholders.
Last year only 10.27% of U.S. diversified mutual funds managed to beat index funds that follow the Standard & Poor's index.
