Where active strategies are still seen as essential

The boom in passive investment strategies and vehicles is an existential threat to active fund managers – and the handsome fees they ask for – but if institutional investors want to move into loans and emerging markets, then active managers still have an important role to play. That was the message from a mixed panel of asset owners and managers when grilled on stage at the 8th Institutional Investment Forum Japan about whether pricier active managers were still worth it given the…