Armed with index funds and strategies like sector rotation, relative value and tactical asset allocation, these advisers all attempt to earn their keep by beating benchmarks net of fees.
That is what makes the use of sector rotation strategies so compelling: Whereas growth and value have long been sold as a way to break the market down into two distinct exposure groups, sectors allow you to break the market into 10 distinct exposure groups with unmatched flexibility for fine-tuning.
Lincecum has proven to have significant value to the Giants beyond the starting rotation and it has allowed him to work from a different mindset as a reliever.