You are not an UHNW individual/institutional investor, so no "fund managers" of any note are going to waste their time on this wager. "Beating an index" is rea

You are not an UHNW individual/institutional investor, so no "fund managers" of any note are going to waste their time on this wager. "Beating an index" is really easy. Up to $10MM you can choose most any financial instrument class in the U.S markets and have a good probability of finding alpha for a long time (that would beat the S&P500 18.40% YTD). Many proprietary trading firms, or market makers, or quantitative trading shops do this regularly. Discretionary and systematic funds? Usually not. If their processes worked consistently, they would have no need to take outside capital and deal with relationship management. They could simply use more leverage (not exactly, but simplified for the general reader). This is also ignoring the fact there are no details in TFA about actual portfolio compositions or returns -- i.e. this is a PR piece. If your NW is under <$100MM, you should be focusing on hyper-growth strategies -- and not mentally limiting yourself on what is basically financial propaganda.