What is capital market efficiency? What are its implications for investment performance in general? What are...

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What is capital market efficiency? What are its implications forinvestment performance in general? What are the implications forfund managers if we assume markets are semi-strong formefficient?

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Capital market efficiency states that markets are efficient which means stock prices reflect all the available public information If a news about a recent fraud happening within a company breaks out then how the stock prices incorporate the news is what is explained by capital    See Answer
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What is capital market efficiency? What are its implications forinvestment performance in general? What are the implications forfund managers if we assume markets are semi-strong formefficient?

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