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</html><thumbnail_url>https://www.fundssociety.com/wp-content/uploads/2016/07/alpha-matematicas-_cheryl_marble.jpg</thumbnail_url><thumbnail_width>640</thumbnail_width><thumbnail_height>379</thumbnail_height><description>The decision to hire an active manager requires a belief that markets are inefficient. But in the last five years, active managers have been losing significant market share to passive vehicles, which suggests investors no longer believe markets are inefficient and instead have adopted the &#x201C;efficient market hypothesis&#x201D; theory. On the surface, I can understand&hellip;Continuar leyendo</description></oembed>
