[bidirectional]

Why? Loads of private investment funds beat indices.

[bitL]

Yes, but not on average. Very few funds beat index consistently; in a 10 year period most of them look like a random walk.

[cardosof]

It's not enough to beat them if you have all those complex strategies, you have to do it with good risk control and in a cost effective way, and that's why low cost broad market ETFs have their place.