GLOBAL - When it comes to market inefficiencies, it is wrong to lay the blame with passive investors, says State Street Global Advisors' (SSgA) chief investment officer Alan Brown.
Hitting back at an attack on “index-obsession” by GMO Woolley chairman Paul Woolley (IPN June 21, 2002), Brown argued that not enough money was indexed for price distortions to occur. SSgA estimate...
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