(MoneyWatch) The quest to find the best money managers leads many investors to look for those with the best research staffs. Two such companies that investors turn to are SEI and Russell. Have investors been well rewarded for trusting the research? Not according to the data.
Russell’s Web site states: “When you work with Russell, you’ll be collaborating with a global leader in money manager research. Our process uses quantitative and qualitative methods to choose the managers we think are the best worldwide. Of the 6,197 manager products continually monitored and researched, only 376 are assigned a role in a Russell product. We believe our extra depth of research and monitoring offers you a competitive edge.”