If you think those are closeted indexers we could look at hedge funds and I don’t think value stars have shined in the last years (but maybe my perception is not fair and it’s the result of over-reporting of the misfortunes of value investors: https://www.google.ch/amp/s/www.bloomberg.com/amp/news/artic...).
But the fact is that even Warren Buffet is doing just “ok” in relative terms. (Yes, he has a lot of money to manage. But he also has access to investment opportunities that nobody else has.)
Active value is not outperforming either: http://news.morningstar.com/fund-category-returns/
If you think those are closeted indexers we could look at hedge funds and I don’t think value stars have shined in the last years (but maybe my perception is not fair and it’s the result of over-reporting of the misfortunes of value investors: https://www.google.ch/amp/s/www.bloomberg.com/amp/news/artic...).
But the fact is that even Warren Buffet is doing just “ok” in relative terms. (Yes, he has a lot of money to manage. But he also has access to investment opportunities that nobody else has.)