Neiman open-end and exchange-traded products are more expensive than similarly distributed funds at other highly-rated asset managers, on average in the highest quintile of category peers. The higher expense profile contributes negatively to the firm's overall stewardship rating and creates a larger performance hurdle. Longest-tenured managers’ average tenure within the firm is 21 years, bringing a wealth of knowledge through multiple market cycles and ultimately contributing positively to the rating.
Never Mind Market Efficiency: Are the Markets Sensible?
Not always, but it’s difficult to profit from that knowledge.