Active Managers Council - Investment Adviser Association

Legal Context of Defined Contribution Plan for Fiduciaries

Our new paper is an updated resource for plan fiduciaries that gives a general understanding of their legal responsibilities, and it is the first summary for plan fiduciaries that incorporates the latest DOL regulation on investment selection.

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Understanding Active Management

Our new animated video gives a brief tutorial on active management, explaining the differences between active and passive and highlighting how active benefits all investors.

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Webinar: Balance the Narrative

Harding Loevner’s Simon Hallett and MFS’s Ravi Venkataraman spoke to the Mutual Fund Directors Forum about reassessing the conventional wisdom on active management. They also addressed active management’s role in ESG and improving market efficiency.

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About the Active Managers Council

The Active Managers Council is the premier industry voice for active investment management. Its mission is to advocate for a more balanced narrative on active and passive management and to provide education about the benefits of active management and its vital importance to the securities markets.

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 investors and policymakers seeking to learn more.

Active Management Stats

What the Experts Say

“Active managers have a variety of skills and tend to make value-added decisions, after accounting for all costs, many actively managed funds appear to generate positive value for investors.”

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

“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

In the Media

The Council curates relevant news about investment management as well as our own updates from the Council, IAA and our membership.

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