A Bourse Diary

Thoughts on stocks, speculation and ... life

Monday, December 18, 2006

Fund managers once again disappointing - but why this time?

Everytime there is an excuse for the weak performance of the professional fond managers - unforeseeable events, political tensions, unexpectedly high oil prices or the unlucky action of the fed, and many more of course.

Why this year? - quite simple, as it seems: they were too cautious, holding too much cash since the cold shower from (early) summer. This at least suggests TheStreet.com columnist Brett Atends in All-Star Managers Fail to Make This Year's Cut.

There is something true about it.


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