Rather than viewing indexing as the enemy, active money managers should see it as an ally that lets them do what they do best in a climate that is shaped partly by two investor obsessions.
22.
But Swartz maintains that the policy does not apply to Cramer, who is not a Dow Jones employee and who was asked to do the column precisely because he is an active money manager, not a journalist.
23.
Overall, across all open-end funds available to US investors, active money managers still have most of the money, with $ 4.2 trillion, compared with only $ 367 billion in index funds, according to Morningstar statistics as of Jan . 31.
24.
Preakness and Belmont winner Tabasco Cat and leading active money-winner Best Pal are pointing for the $ 400, 000 Kentucky Cup Classic, the event's 1 [-mile centerpiece . ( Non-Kentucky-breds, like Best Pal, will run for a 20-percent smaller purse .)
25.
Overall, across all open-end funds available to US investors, active money managers still have most of the money, with $ 4 . 2 trillion, compared with only $ 367 billion in index funds, according to Morningstar statistics as of Jan . 31.
26.
Deutsche Bank, Germany's biggest, said Friday it will sell a small part of its asset management business to Northern Trust Co . of the United States for about US $ 260 million, sharpening its focusing on more active money management for its private clients.
27.
The action comes after a recommendation from the pension funds'consultant, Wilshire Associates in Santa Monica, Calif ., which urged the state to terminate Boston Co . as an active money manager for the funds in the wake of the mass defections that have rocked the firm's money management unit.
28.
The treasurer's office said Friday that the state's two biggest pension funds _ the State Teacher's and Employees'Retirement System Trust and the State Pension Reserves Investment Management Board _ would shift their assets from active to passive management . ( Active money managers try to beat the market by picking winning stocks; passive management indexes the funds to match the market's broad performance .)
