Technology penalising active managers, forum told

While technology is improving the standards of client servicing and enabling complex portfolios to be monitored more clearly, it is also squeezing active fund manager talent at the same time, an AsianInvestor forum heard this week. JH Rhee, chief executive officer at Mirae Asset Global Investments, told our annual Art of Asset Management conference that innovative technology involved in vehicles such as exchange-traded funds and smart-beta strategies was shrinking the talent pool …