Pensions Institute: 'Almost all' active managers fail to beat the market

Almost all active fund managers fail to outperform the market once fees are extracted from returns, according to research from the Pensions Institute (PI).

The Cass Business School department studied monthly returns of 516 UK domestic equity (open-ended) mutual funds between 1998 and 2008. It found an annual post-fee alpha return of -1.44%, meaning a typical...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions member?

Login

More on United Kingdom

Industry Voice Video: Using nature to offset emissions

Robeco
clock 17 November 2021 • 1 min read

Industry Voice Video: Toughening up on carbon disclosure

Robeco
clock 17 November 2021 • 1 min read
The UK's biggest pension consulting firms by revenue

The UK's biggest pension consulting firms by revenue

PP has analysed the accounts of the biggest pension consulting firms

Jonathan Stapleton
clock 06 October 2021 • 1 min read