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Is Using Active Investment Management a Fiduciary Breach? Part 5
Fiduciary Plan Governance, LLC 
Aug. 18, 2016
"It seems that although over longer periods a small number of active managers have outperformed their benchmarks, there are not clear markers for identifying them. It also seems there may not be a clear way of evaluating whether an underperforming manager is unskilled (and, therefore, not fit to manage your money) or skilled but going through an 'out of favor' period."
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