Active Managers Council

The Active Managers Council is the premier industry voice for active investment management.

The Council’s mission is to:

Balance the narrative in the market about active and passive management
Engage with policymakers about the importance of remaining strategy neutral
Provide media, investors, and thought leaders with accurate, compelling research, data, and content on active and passive management

Both active and passive play important roles in investment management. However, a misleading narrative has emerged, pitting active against passive in a false dichotomy. The Council seeks to help investors by sponsoring and curating research, hosting educational events, and serving as a resource for those seeking to learn more.

What Is Active Management?

This short video explains the foundation of active management and the differences between active and passive, highlighting how active management can benefit investors at-large.

Learn why investment experts generally agree that investors need both active and passive management. Active management allows investors to pursue higher returns, minimize risk, increase tax efficiency, and create customized portfolio, while passive management can help reduce costs.

What the Experts Say

“We found very strong positive performance persistence for equity funds with the highest active shares. . . We have a lot more evidence that the conventional wisdom needs to be updated.”

— Professor Martijn Cremers, Mendoza College of Business, University of Notre Dame

Listen Now

“All investors, both active and passive — as well as the real economy — benefit from the efforts and cost expenditures of active managers.”

— Professor Russ Wermers, Robert H. Smith School of Business, University of Maryland

“It is wrong to form the general conclusion that there is clear academic evidence that active managers do not create value for investors on average.”

— Associate Professor Geoff Warren, College of Business and Economics, Australian National University

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