Giles Kidd-May seeks industry support for Active Funds Alliance

Kidd-May said the not-for-profit Active Funds Alliance had not been formed with the aim of "putting down" passive vehicles. Instead, it is focused on highlighting the merits and downsides of both active and passive strategies. He argued the differences between active and passive investing are currently not well understood by investors, many of whom do not know what they are invested in.   Kidd-May, who started his career at Jupiter where he worked for 16 years, said: "I have always been passionate about active fund management during a career spent working for active asset managers, bu...