Active managers come under rising scrutiny to perform

The pressure on active managers to demonstrate they are worthy of their fees is forcing them to provide ever more granularity on their portfolios. Active fund managers have been roundly criticised in recent years on various issues, not least their collective inability to outperform passive benchmarks and charging higher fees for this lack of delivery. However, active managers argue that, while index funds may have the advantage in rising markets, it’s in volatile downturns that …