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Opinion: Personal View - Putting aside the biases of active management.

Publication: Pensions Week
Publication Date: 04-OCT-04
Format: Online - approximately 531 words
Delivery: Immediate Online Access

Article Excerpt
Active management, though challenging and complex, is vital to investors' portfolios. Gaining the few extra percentage points that active management can yield may not have seemed like much in the late 1990s, but today it is critical. Over the last five years, in both the US and non-US equity markets (as defined by the Callan US Large Cap Core and Non-US Equity Style universes), the median active manager has beaten their equity benchmark by 0.89% (US median versus...

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