THE POWER OF ACTIVE MANAGEMENT
The Investment Adviser Association's Active Managers Council (AMC) is changing the conventional - and misguided - narrative pitting active management against passive. A more accurate, balanced narrative is active and passive. In this video, University of Maryland Finance Professor Russ Wermers and industry experts Anne Lester (Portfolio Manager for AMC member J.P. Morgan Asset Management) and Michael Cross (Analyst and Principal for AMC member SouthernSun Asset Management) discuss the crucial importance of active managers to investors and the markets, combining active and passive strategies to meet investor goals, common misconceptions about passive funds, and potential market dislocations if there is too great a tilt toward passive investment.