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A Curious Paradox: 'Meaningful Benchmarks,' Fiduciary Prudence, and the Active Management Value Ratio
The Prudent Investment Adviser Rules Link to more items from this source
[Opinion]
Jan. 2, 2024

"While ERISA and other cases, most notably the First Circuit's Brotherston decision ... have clearly established the validity of comparable index funds as legitimate comparators in ERISA litigation, the courts continue to ignore such arguments and authority.... Can anyone truthfully argue that a prudent fiduciary would select cost-inefficient mutual funds when more cost-efficient investment options are available?"  MORE >>

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