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Prof. Marcin Kacperczyk on the advantages of smaller mutual funds

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Excerpt from Reuters -- "'The larger you are, the more difficult it is for you' to generate market-beating ideas, said Marcin Kacperczyk, an assistant professor of finance at New York University's Stern School of Business who focuses on mutual funds. 'If you have too much money to manage, you are using the first dollar to find a good pick, but the subsequent picks are naturally worse.'"

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