Active management 'not very well'
The conference is being held online this year, as a series of webinars.
One considering the strength of asset management was conducted by Leola Ross, Russell Investments strategy research director.
She outlined research measuring the performance of sample managers who had been defined as having demonstrated skill.
It showed that the active managers outperformed in the period of 1999 to 2014, returning a median 4.73% in outperformance between 1999 and 2002. But a “performance pandemic” in 2015 to 2018 saw performance drop away markedly. “Skill was not enough,” she said.
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