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The majority of fund investors suffer from punitive fee structures, overtrading, fund proliferation, closet indexing and over-diversification," Smith said.
Figures from Morningstar show that the majority of fund managers in the American market beat the index in just five of the past 20 years.But papers published in 2009 and 2013* seemed to give the industry hope.
The performance stands in stark contrast to the equity markets, where a majority of fund managers continue to lag behind the Standard & Poor's 500 index of blue-chip stocks.
According to a poll by Bank of America Merrill Lynch, a record majority of fund managers now think firms are investing too little; only a minority want higher cash returns.
You know, the vast majority of fund research is superficial.
And unlike the vast majority of fund managers, Baron concentrates in relatively few stocks: His top five holdings account for 26% of assets.
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Lieberman won, but Weicker got the majority of funding from Jewish donors.
For the vast majority of funds, the current minimum is 51percentthoughugh most boards are at least two-thirds independent.
Funding for all of this comes, as it does for most UN agencies, from voluntary contributions, with the majority of funding coming from a small number of donors.
Most fund managers also remain bearish on the overall stock market, with a majority of funds positioned for sharp swings in both directions.
"The majority of funds are definitely over $20 million, and the majority of dollars are in funds of over $500 million," said John Gabbert, director of research at VentureOne, which tracks venture investing.
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