Active management plays a critical, positive role in global capital markets. It acts as the
primary driver of market efficiency by exploiting, and in the process mostly eliminating, security …

There are many varieties of rules-based, or smart beta, equity strategies. In this article, we
provide 10 insights that focus on the equity strategies that are currently the most commonly …

The concept of a market portfolio plays an important role in many financial theories and
models. Knowledge of each asset's share of the invested capital markets is both useful …

“Traditional active equity management is broken, because our industry plays the game but
doesn’t believe in it,” maintains Mike Sebastian, a Partner at Aon Center for Innovation and …

Public funds underperformed endowments and foundations over the period 1987-2002, as
reported in Ennis [2003]. Since 2003, however, public funds outperformed endowments after …

… I thank Mike Sebastian for important contributions; Sudhakar Attaluri, Max Kotary, and Kevin
… I am indebted to Mike Sebastian and Sudhakar Attaluri for their assistance in devising the …

… Research by Mike Sebastan and Sudhakar Attaluri in 2014 and Dr Antti Petajisto in 2013
suggests that concentrated products with higher active share are better able to overcome fees …

… Michael Sebastian Sudhakar Attaluri, PRM … Sudhakar Attaluri Senior Consultant
Investment Solutions +1.312.715.3313 sudhakar.attaluri@aonhewitt.com …

▪ Many institutional investors use “watch lists” as part of their process for monitoring
investment managers. Although watch lists typically don’t require automatic termination of …