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What next for active managers after grim October?

Can active fund managers recover after a disappointing October?

Active managers, who have long argued that a return to market volatility would renew their appeal, are looking for fresh excuses after delivering disappointing returns in October when the Vix index — Wall Street’s fear gauge — rose sharply.

US large-cap active managers posted their worst monthly results since September 2011, according to Bank of America Merrill Lynch. 

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