Active management headwinds reverse course May 2009 Richard Yasenchak, CFA, CFP® Associate Portfolio Manager The environment for active management of U.S. equity portfolios has been notably unfavorable in recent years — but this new Russell research paper discusses how things are changing. It covers:   Features of the current market environment that are driving active management results. The impact of cross-sectional volatility on active manager returns. Sector exposures and the alpha opportunity. How factor exposures characterize active managers. Are you thinking about passive investing in U.S. equities? This paper also illustrates how the potential loss in alpha could be substantial. Request this Research A note about our research Our proprietary research is made available to our institutional clients, and many of these published papers are available to other institutional investors as well. If you are not a Russell client, but are an institutional investor, we welcome you to request this research piece. We only require your contact information on a short request form. For more information about our research, please contact James or Gerry:   West Coast   East Coast James Barrett Managing Director 866-926-5934 Gerry Lillis Director 866-459-4128 Nothing contained in this material is intended to constitute legal, tax, securities, or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type. The general information contained in this publication should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional. This material is not an offer, solicitation or recommendation to purchase any security. Russell Investment Group is a Washington, USA corporation, which operates through subsidiaries worldwide, including Russell Investments, and is a subsidiary of The Northwestern Mutual Life Insurance Company. Date of first use: May 2009 USI-3958			Related information Request this Research   Contact Details West Coast contact James Barrett Managing Director 866-926-5934 East Coast contact Gerry Lillis Director 866-459-4128 Printer friendly version of this page