The long nightmare for stock pickers may be ending

Trader on the floor of the New York Stock Exchange.
Brendan McDermid | Reuters

As market sectors rise and fall in tandem and more investors choose to follow funds that track indexes, stock pickers have become in danger of extinction after years of underperformance.

That could change dramatically in 2015, if an analysis by strategist Tom Lee is correct.

Lee believes the year ahead could be huge for active managers, only about 1 in 5 of whom has outperformed basic benchmarks this year.

One of the main reasons things have been so hard on the group is that market correlations—or the tendency of sectors and asset classes to move in the same direction at the same time—have been so tight.