The recent Raging Bull awards got me thinking about active fund management again. For those, of you who don’t know the Raging Bull awards are South Africa’s version of the Oscars for active fund managers. It is a back-slapping, pointless exercise and is at odds with a fund manager’s fiduciary responsibility. I.e. managing money is about the client, not the manager, buddy! In true marketing machine style, the winners shower the market with press releases about their “achievements”. I say, “Tha...