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By Léon Kirch, CIO European Capital Partners (ECP)
Mark Twain once said: “all rumors of my death have been greatly exaggerated“. We at European Capital Partners (‘ECP’) believe that fits very well to active management. Many investors combine active and passive managers when deploying and preserving capital as was confirmed through our many discussions with institutional investors and family offices over the last months.
The undisputable growth and success of ETFs does not mean active managers are a dying species! This view is supported by many academic studies. A recent research on the subject paper by Martijn Cremers (University of Notre-Dame) and Ankur Pareek (Rutgers University), is again making the case: US Funds with high Active Share portfolios...
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