Live Webinar: Active Share and the Three Pillars of Active Management: Skill, Conviction, and Opportunity
Speaker: Martijn Cremers
CE Credit: 1 CE credit
In his article “Active Share and the Three Pillars of Active Management: Skill, Conviction, and Opportunity” published in the Second Quarter issue of the CFA Institute Financial Analysts Journal, Martijn Cremers proposes a three-pillar framework that investors can use to evaluate the potential performance of actively managed funds. He investigates to what extent Active Share and fund performance are related through the lens of the three pillars of investment performance—skill, conviction, and opportunity.
Join the free webinar with Martijn Cremers to learn more about his research and the implications for investors and investment practitioners.
Speaker Bio: Martijn Cremers is the Bernard J. Hank Professor of Finance at the Mendoza College of Business of the University of Notre Dame, where he has been a faculty since 2012. Prior to that, he was a faculty at Yale School of Management for ten years, from 2002–2012. He obtained his PhD in finance from the Stern School of Business at New York University in 2002 and hails from the Netherlands.
His co-authored paper “How active is your fund manager? A new measure that predicts performance” (published in 2009 in the Review of Financial Studies) introduced ‘Active Share’, which measures how different fund holdings are from the benchmark holdings.
Continuing Education for CFA Institute Members: Provide your CFA Institute ID number upon registration to facilitate the automatic entry of CE credit into your record at the close of the live webinar.