CPS Reseach Fellow Michael Johnson is quoted in an Engaged Investor article on the cost of active management of pension funds.
To read the full article, visit the Engaged Investor website.
“Perhaps the loudest voice from the passive camp is Michael Johnson, research fellow at the Centre for Policy Studies. Johnson’s investigation into the LGPS was one of the key forces that led to a consultation on the wholesale switch to passive investments for the scheme.
Johnson argues that the cost benefits of passive investment taken alongside the poor performance of many active managers clearly shows why trustees should switch to passive investments.”
To read the full article, visit the Engaged Investor website.
Date Added: Monday 29th June 2015
