Where are active management firms going wrong?

SYZ Asset Management’s CEO Katia Coudray believes the rise of passives has “created a defining hour” for active management, not sealing its downfall but rather providing the opportunity for active managers to address the short-comings of the active industry, stand out and cement their long-term credibility. She adds in FE Trustnet that fund house mergers will not help to that effect and that pooling of large amounts of capital constrains active managers and reduces their ability to generate alpha.