EXPLAINED: Sovereign Wealth Funds and Pensions Invest in Smart Beta

Posted on 05/06/2014

Historically, institutional investors have had to choose between two alternatives, alpha or beta (active or passive). Active managers were compensated for performance and earned fees for “generating” alpha, or excess returns relative to a benchmark. On the other side of the spectrum, lie passive investments – index investments that were simple to understand and – […]

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