The hidden cost of the passive investing boom

In tough times active fund managers have to stick together, and that’s precisely what a trio of the world’s top funds are doing in this week in Sydney, Melbourne and Auckland.

Baillie Gifford, MFS and Orbis, who oversee around $1.5 trillion of assets, are hosting their third joint gathering in six years to promote the virtues of active management.

Source: https://www.afr.com/markets/equity-markets/why-government-should-fear-the-decline-of-active-fund-managers-20260219-p5o3nt