Not only did the average actively managed mutual fund underperform its comparable index fund net of fees, but it was also almost impossible to identify actively managed mutual funds that could outperform their benchmarks on a consistent basis.
Lastly, I can understand why a school would intend to ban kids not only from other schools within the conference butalso other top-tier schools within the state, from bordering states, or comparable conferences in terms of strength and status such as the ACC.