Exclusive: Citadel is launching a new stock-picking unit based in London that will support the hedge-fund firm’s expansion in Europe https://t.co/ILCQwFf757 ...

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. The Myth of the Stock-Picker’s Market “[T]here’s overwhelming evidence that most active managers don’t add enough value to cover their costs, even in market environments that should be more favorable for stock-picking. It’s also worth pointing out that it’s impossible to predict when the market climate might turn out to be more conducive to active management.” (Morningstar) JP Morgan Readies New ...