(Reuters) Money moving from hedge funds and other active investment managers to low-cost passive strategies will ultimately be a boon for professional money managers, according to Mark Okada, co-founder of Highland Capital Management.
“All of this chasing of beta and passive management, et cetera, is just setting up for the next opportunity for alpha for active management,” Okada, also Highland’s chief investment officer, said on Thursday at the Alpha Hedge West conference in San Francisco.
