Index Funds > Actively Managed Funds

I’d guess a few VCs and buyout pros wiped their brows after reading the latest report to conclude that index funds are the best place for investors to park their money. (PE funds escaped notice, while hedge funds and mutual funds were called out for their aggressive management fees — expenses that often render outperformance meaningless.)

More here on the new study, whose author, Mark Kritzman, president and chief executive of Windham Capital Management of Boston, says in its pages that “it is very hard, if not impossible to justify active management for most individual, taxable investors, if their goal is to grow wealth.”