High active share managers may perform 'like lambs'

Stephanie Baxter
clock

Using active share to measure a manager's ability to outperform could be detrimental for schemes, according to Hermes Investment Management.

In a white paper published today, the asset manager warned that active share does not give a complete picture of a fund's ability to generate excess returns over a benchmark. It said managers with ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

Railpen divests from Nestlé over governance and climate concerns

Railpen divests from Nestlé over governance and climate concerns

Manager identifies ‘recurring controversies’ and ‘limited transparency’

Holly Roach
clock 04 June 2026 • 1 min read
No guarantee DC megafunds will lead to higher investment returns

No guarantee DC megafunds will lead to higher investment returns

PPI report finds ‘no guaranteed correlation’ between scheme size and level of investment return

Martin Richmond
clock 02 June 2026 • 4 min read
Nest commits £200m to climate technologies through IFM partnership

Nest commits £200m to climate technologies through IFM partnership

Scheme said this helps build on its ambition to increase its private markets allocation to 30%

Holly Roach
clock 02 June 2026 • 2 min read
Trustpilot