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.

Read the Report

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.

Watch Now

“Do No Harm” Is Not Nearly Enough

Plan sponsors should be focusing on participants' goals, not their own, stresses IAA President and CEO Karen Barr in this December 2021 op-ed in Pensions & Investments.

Read Now

Recognition for Research Sponsored by the Council

``Active Management and the Efficiency of Securities Markets`` wins 2021 Special Distinction Award from the Journal of Investment Management.

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.

Watch Now

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.

Read News

Subscribe to the Council’s bi-weekly
News & Updates email

You are now leaving Investment Adviser Association

The IAA provides links to web sites of other organizations in order to provide visitors with certain information. A link does not constitute an endorsement of content, viewpoint, policies, products or services of that web site. Once you link to another web site not maintained by the IAA, you are subject to the terms and conditions of that web site, including but not limited to its privacy policy.

You will be redirected to

Click the link above to continue or CANCEL