# Professor Martin Gruber is interviewed about target date funds, based on his recent research

1 Faculty News January 6, 2018 ![Barron's logo](/sites/default/files/styles/246w/public/assets/images/con_031072.jpg?itok=FtY-yu99)>

Excerpt from [Barron's](https://www.barrons.com/articles/the-great-fund-fee-divide-1515214360) -- "A recent paper co-authored by [Martin Gruber](http://www.stern.nyu.edu/faculty/bio/martin-gruber), an emeritus professor of finance at New York University, found that target-date fund managers often picked funds that helped their firm’s own objectives at the expense of potentially lower returns. Sometimes that meant picking their own higher-cost fund over a cheaper alternative, or picking a younger, smaller fund from their own stable over one with a longer record—both of which led to underperformance. 'For most people who don’t want to get too involved, target-date funds make sense, but they can’t just say it’s a good investment. They have to shop around,' Gruber told Barron’s."

[Read more](https://www.barrons.com/articles/the-great-fund-fee-divide-1515214360)