Core Insights - The article discusses the performance of active managers during bear markets, indicating that while losses are inevitable, active managers tend to underperform the market even more significantly [1] Group 1 - Active managers generally experience greater losses compared to the market during bear markets [1] - The article suggests that the majority of active managers fail to outperform their benchmarks in challenging market conditions [1] - Historical data indicates that many active funds struggle to deliver positive returns when the market declines [1]