Easier said than done in this market with an 8% inflation on one hand and a crashing market on the other. A fund manager can be deemed successful if they outperform the market by 20% yet still be in negative territory, no?Outperforming the benchmark is meaningless if the investor still ends up losing money for the year.
What consolation is it for clients if the fund manager beats the benchmark by 20% but still loses 10% of his clients' money?
