Elevate your game in the face of challenging market conditions with this eye-opening guide
to portfolio management Investing Amid Low Expected Returns: Making the Most When …

Active asset management involves the search for investments and strategies yielding high
alphas. In estimating alpha, it is necessary to find some way to measure the risk-adjusted …

Long-only active investment strategies have an inherent flaw: Investors pay capital gains
taxes on market-related gains as well as on the alpha created. By separating alpha and …

Although the theory of active management suggests that breadth is the key to a high
information ratio (IR) and thus success in active management, high conviction is another …

We present a framework for deciding when to choose an alternative to passively investing in
capitalization-weighted indices within any particular asset class. Five reasons are identified …

This article reviews the active management opportunity in different market segments, and
discusses the role of very active mandates across segments in a core–satellite portfolio …

Since the beginning of indexing in the early 1980s, active versus passive investing has been
a muchdebated subject of investment management. Today, plan sponsors have the option to …