Hartford Courant – Imagine hedge funds without brainy managers maneuvering artfully through short-lived market opportunities day in and day out.
You might think the flashy hedge-fund arena could never evolve into this. But with about $1.2 trillion in assets, the industry is maturing.
And as it does, analysts are looking for ways to capture the advantages of hedge funds without the tremendous fees and egos that go with the territory.
Attention is turning to what is known as passive investing. That’s the term that applies to index mutual funds, and it means setting up a portfolio and keeping it intact without human tinkering day to day.
