Much of the blame has been placed on Maradona, who has been criticised for a perceived lack of team strategy and selection consistency.

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Underweighting financials, good stock selection in technology and overweighting energy was the winning strategy.

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Many committees choose to focus on asset allocation strategy and high level oversight and delegate the implementation and manager selection to an internal investment office or an outside advisor.

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Nike, for example, identified 10 major decision areas, including category selection, budgeting and targeting, and channel and sales strategy.

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This method outperforms active fund selection by over one percent per year, and a disciplined rebalancing strategy generates returns that have outperformed the markets nominally and on a risk adjusted basis.

FORBES: Passive Investing Beats the Markets