Barry Ritholtz

FEBRUARY 21, 2023

A second guess would have been a healthcare company. And right now, you look back over 10 years, our active funds, 94 percent are outperforming their competitive group averages, 68 percent are outperforming their benchmarks. That means a low hurdle rate. I mean, really, no one knows who Vanguard is. BUCKLEY: Yeah.

Leadership

Barry Ritholtz

MAY 9, 2023

But I don’t think this is a wholesale shift, we’re in a higher rate environment, obviously, for now. And while rates will likely start rolling over into next year, I think we’re in an environment where the hurdle rate for making more illiquid investments is higher.

Investments

Barry Ritholtz

MAY 21, 2024

And it’s gotten ver like the average active fund has gotten closer and closer to the benchmark over the last five years. And if you look at the s and p today, 50% of it is asset light, innovation oriented healthcare and tech. But now we’re back to a more normal hurdle rate. It’s a changing animal.

Finance