Michael Wayne

With the emergence in recent years of passive Exchange traded funds (ETFs) a ferocious contest has developed between those pushing the virtues of passive investing, and those defending the craft of active investing. Show More

Andrew Mouchacca

Active management has successfully delivered alpha from Australian small companies over the long-term. Further, in periods when the dispersion of stock returns within the benchmark has been high, the median manager has delivered strong alpha. However, the ability to outperform the benchmark in periods of low returns dispersion (as has... Show More