Is Active Share The Holy Grail For Active Managers?
Rupert Hargreaves2021-05-14T03:03:08-04:00
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.
Author
Rupert Hargreaves
Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger
Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway.
Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK.
Rupert covers everything value investing for ValueWalk