
The Investing Show
Ep. 33 Will active management ever change?
<p>Is Active Fund Management Stuck in the Past?</p><p>The financial industry is often seen as fast-moving and innovative — but is that reputation deserved?</p><p>In this episode, we dive into the surprising realities of active fund management with Professors Yuval Millo (University of Warwick) and Crawford Spence (King’s Business School), two of the authors behind Inertia: Purposeful Inefficiencies in Financial Markets.</p><p>Drawing on interviews with around 70 active fund managers and equity analysts across the UK and US, Millo and Spence reveal a world where risk-taking is punished, mediocrity is rewarded, and even industry insi...

