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.”
4 June 2009 01:52
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Opinion
The on- and off-stage antics at the extravagant Milken Global Conference in Los Angeles tell us a lot about where institutional capital is right on the money – and where it is putting its head in the sand. And while the event retains the extraordinary intellectual and financial firepower that has always been its signature, something has shifted. The absences are as instructive as what's on the program.
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