Active managers are struggling but passive investment boom needs them.
In the current low return environment savers can be forgiven for asking, why should an ever larger fraction of their meagre gains be paid to active asset managers? After all, the alternative—passive investing—is beguiling. However, passive investing would not be possible if it were not for the work of active managers. Read the full opinion piece by GAM Chief Economist and Head of Multi Asset Solutions Larry Hatheway as featured in the Financial Times.