Equally, we believe in the virtues of passive management and continue to advise that this is an appropriate route for those funds which are unable to bring a competitive advantage to the manager selection process. That said, we are very mindful of the fact that passive management firms are not immune from many of the business issues facing active managers.”
04/06/2009
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Opinion
There is broad consensus in industry and Canberra that the collapses of the Shield and First Guardian master funds – and failures that led to them – demand a regulatory response. But getting that response wrong could create an uneven playing field in the industry and some counterproductive consumer outcomes.
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