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A Vanguard study, “The Case for Index Fund Investing for UK Investors,” found that active fund managers in a range of funds available to investors in the U.K. have “underperformed their benchmarks across most of the fund categories and time periods considered.” Adam Laird, a passive investment manager at Hargreaves Lansdown, commented on the report by noting: “This study is further evidence of an unfortunate truth – many active managers disappoint.”
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Responding to the news, a Google spokesperson told the Telegraph: “We want get Glass into the hands of all sorts of people, listen to their feedback, see the inspirational ways they use the technology, and discover vulnerabilities that we can research and work to address before we launch Glass more broadly.”
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Paul Kavanagh, a partner at Killik & Co, said: "I would saythat the nearer (the FTSE 100) gets back down to 6,000 again themore aggressively positioned one would be ... because you wouldstart to see some valuations coming back into stronger buyterritory."
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A statement from the Department for Work and Pensions (DWP) added: "We are pleased to learn that the court has found in our favour and agreed that we have fulfilled our equality duties to disabled people.