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What is the difference between passive and active equity portfolio management strategies? What is the active manager trying to generate? What factors are passive managers
What is the difference between passive and active equity portfolio management strategies? What is the active manager trying to generate? What factors are passive managers attempting to minimize (in absolute terms and relative to a predetermined benchmark)? Historically, have active managers been successful in outperforming their benchmarks on a risk-adjusted basis after expenses, fees, and taxes?
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