Specialists and mutual fund managers tend to enjoy superior market performance on a risk-adjusted basis.

Name: Specialists and mutual fund managers tend to enjoy superior market performance on a risk-adjusted basis.
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Question

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Tests on the performance of mutual fund managers have consistently indicated that they are not able to beat the market averages over the long term. Although mutual fund managers may get the first call when news is breaking, that is not fast enough to generate superior returns.

Specialists and Mutual Fund Managers Tend to Enjoy Superior Market