Indeed, South African active
equity managers underperformed their benchmarks in all equity fund categories and over all time horizons.
According to the S&P Index versus Active Scorecard (SPIVA), about 75 % of Canadian
equity managers underperform the S&P Composite Index, and less than 10 % beat the S&P 500 ® Index on a five - year basis.
With the majority of large cap U.S.
equity managers underperforming the S&P 500, «only performances in 2006, 2010 and 2011 have been as bad or worse than the current year's pace.»
Not exact matches
When employing the long - short
equity strategy, hedge fund
managers take a long position in a stock they think will outperform, while shorting stock3 that they believe will
underperform.
Managers focusing on a particular size segment did not fare favorably, with 72.92 %
underperforming in the Brazil Large - Cap
Equity category and 69.77 %
underperforming in the Brazil Mid / Small - Cap
Equity category.
The median active
equity fund
manager underperformed the index by about 1.21 % a year between 2006 and 2015 and by far larger amounts over one - year -LRB--2.92 %), three year -LRB--2.78 %) and five year -LRB--2.90 %).
Equity fund
managers were unsuccessful in beating the benchmark in 2015, with close to 61 %
underperforming.
Equity fund
managers in Chile have consistently
underperformed their benchmark in both the short and long term.
BlackRock
Equity Headache Persists BlackRock Inc., the world's largest money
manager, is completing an overhaul of its
underperforming U.S. stock unit, including a purge of management teams at more than half of the funds in the group.
Overall, about 57 % of active fund
managers investing in pan-European
equities underperformed their benchmark over the one - year horizon ending June 30, 2016 (see Exhibit 1).
It is also less probable (though not impossible) that a bond fund
manager will
underperform his benchmark by a large margin, relative to an
equity manager.