Why active performance tests are stupidBY JOHN DYALL | SUNDAY, 7 AUG 2022 2:09PM Everybody does it. Even me. It's nothing to be ashamed of. It's not even illegal. It's answering the question "Does active management outperform" by putting all active ... Upgrade your subscription to access this article
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The issue in my opinion is, research houses demanding that an active manager benchmark against an index, which usually is the S&P/ASX200 or 300 or MSCI world ex Aust., instead of what the active manager's stated objective is to deliver.
We need to have research houses measure the active managers against their stated objective not an index.