On average, active managers underperform over the long term. However, a recent study has shown that not all active managers are created equal. Indeed, boutiques have been shown to overperform significantly the non-boutique firms. How can we define a boutique and what is the reason behind their overperformance ?
https://finalpha.eu/wp-content/uploads/2017/11/pexels-photo-380283-1.jpeg 400 600 admin2015 https://finalpha.eu/wp-content/uploads/2017/03/Finalpha-logo-negative-283px.png admin20152017-11-24 15:15:332017-12-22 15:28:1621/11/2017 - Active management : The reasons behind the boutiques overperformance