Focused active managers outperform generalists and passives

In a research paper, Nowhere to hide: Focused active asset managers outperform, the firm analysed the performance of more than 5,000 active long only equity and fixed income strategies, with total assets under management of $14.2trn, over the five year period 2011 to 2015. Active asset managers offering a single investment strategy, where all professionals work within a single team and share a single research platform, ranked within the top decile for focus. The report found the most focused managers within US equities generated average anualised gross outperformance of 116bps relativ...