Active equity managers underwhelm in 2025: SPIVABY KARREN VERGARA | TUESDAY, 17 MAR 2026 12:33PMWhile 2025 was ripe for stock picking and active fund managers thanks to dispersion widening, according to the latest SPIVA Scorecard, the majority still failed to beat the benchmark. Related News |
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Sarah Shaw
GLOBAL PORTFOLIO MANAGER
4D INFRASTRUCTURE
4D INFRASTRUCTURE
It wasn't confidence that prompted Sarah Shaw to walk away from established investment houses and co-found 4D Infrastructure in 2015. It was something she believes is far more important: courage.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
Peak active management was in 2010, just before all the data came in confirming that active management is nothing more than voodoo magic. Name a single other product or service that has systematically failed to fulfil its stated objective. If the flood of passive money is distorting valuations, why aren't active managers killing it?