(Bloomberg) -- The work that earned Eugene Fama the Nobel Prize in economics provided the intellectual foundation for index-tracking funds, which have upended stock picking as investors abandon active money managers.
Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.
3-Week Free Trial
Insight and analysis into the management, marketing, operations and technology of the asset management industry.
Have an account? Sign In