The Essex Exchange – First Quarter 2017: What Will it Take for Active Management to Return to Favor?

BlackRock stunned the world of active management at the end of the first quarter when it announced that it was reducing investment staff and moving strategies to the quantitative side of the business. Although the numbers were relatively small, 5 out of 53 stock pickers and $6B out of $201B (Bloomberg), investment managers wondered if this was the moment that sealed the battle between active and passive.

Essex Exchange First Quarter 2017