Fund management faces further passive and fee challenges
The trend towards passive investment is inexorable and will continue, declared Hermes Investment Management head of investment Eoin Murray, opening a debate on the future of fund management organised by the Centre for the Study of Financial Innovation (CSFI).
At the debate - held on September 19 - Murray said that, while there will be blips back to active management, the move towards passive is being driven by fee pressure and would continue - with a barbell...
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