Matt DeLong
What are the main arguments in favor of active investment?
Can active investors beat their benchmarks? Yes, there are many.
Can they do it long term over a period of several decades? Very few.

There is alot of many to be made by MF, VC, PE, HF firms to “try” to beat the market. The emerging trend in HF firms is to base “performance fees” off actually beating a benchmark, not trying.