3 Academics Take Active Managers' Side
However, the effort does not fully convince.
"Challenging the Conventional Wisdom on Active Management: A Review of the Past 20 Years of Academic Literature on Actively Managed Mutual Funds" (Martijn Cremers, Jon Fulkerson, Timothy Riley) sets two records. The first, obviously, is for carrying the longest title of any mutual fund article. The second is for sporting the most extensive bibliography. Of the paper’s 41 pages, 19 are devoted to listing its references.