New Fund Backed by Bill Miller Relies on a Straightforward Yet Effective Strategy
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 23 2025
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Source: MarketWatch
Investor Sentiment: Veteran money manager Joseph Shaposhnik observes that many investors have lost faith in actively managed funds, which he describes as a “broken” system that can be repaired.
Critique of Fund Management: Shaposhnik criticizes the prevalence of actively managed funds where managers focus excessively on index constituents rather than making independent investment decisions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
