Is Active Share The Holy Grail For Active Managers?

In 2009 Martijn Cremers from the University of Notre Dame and Antti Petajisto New York University (NYU) published a research paper introducing a new method for evaluating active fund managers. The researchers’ paper presented the term ‘ High Active Share ,’ a metric for analyzing the share of portfolio holdings that differ from the benchmark index holdings. Passive Investing ETFs Account For 6% Of Market But Active Managers Still Rule Passive Assets To Cool As QE Ends? Asset Management Fees Fall For The First Time Since 2008 Q2/H1 Hedge Fund Letters – Letters, Conferences, Calls, And More By computing Active…