Defense Of Active Investment Management By Legendary Fund Managers Is Rather Passive

A recent confab of the most storied fund managers in history addressed the value of active investment management in a rather, well, passive way. The event hosted by Ariel Investments in Chicago was, in part, used as a platform to argue why active managers, nearly 80% of whom don’t beat stock benchmarks, should receive investor assets over lower cost passive investments. The arguments were nuanced and focused on integrating with passive methods rather than advocating active as a preferred investment method. Chicken speaking about the fox: Passive investing is our friend, not our enemy “Passive investing is not a bet…