Managing Partner Brian Beitner
makes the case for active investment management in non-U.S. equity markets.
Oddly for a fund company that pioneered index investing, Vanguard's website offers up a report that unsuccessfully attempts to
make a case for both active management and indexing in a portfolio:
In short, it's hard to
make the case for active versus market trackers based on the notion that active will somehow do any better during a bust.
And if you can
make the case for the active manager, there's nothing wrong with using the actively managed fund.
Not exact matches
Setting aside the issue of high earners
for a moment, there is an economic
case to be
made for special treatment
for active small businesses in order to encourage them to invest and grow.
But because these markets aren't as efficient as those in developed countries, a
case can be
made for active management.
Specifically, Defendants
made false and / or misleading statements and / or failed to disclose that: (i) the Company was engaged in predatory lending practices that saddled subprime borrowers and / or those with poor or limited credit histories with high - interest rate debt that they could not repay; (ii) many of the Company's customers were using Qudian - provided loans to repay their existing loans, thereby inflating the Company's revenues and
active borrower numbers and increasing the likelihood of defaults; (iii) the Company was providing online loans to college students despite a governmental ban on the practice; (iv) the Company was engaged overly aggressive and improper collection practices; (v) the Company had understated the number of its non-performing loans in the Registration Statement and Prospectus; (vi) because of the Company's improper lending, underwriting and collection practices it was subject to a heightened risk of adverse actions by Chinese regulators; (vii) the Company's largest sales platform and strategic partner, Alipay, and Ant Financial, could unilaterally cap the APR
for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data
for nearly one million Company customers had been leaked
for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some
cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevant times.
The Law of Conservation of Alpha seems to leave us no choice but to conclude that the
active funds in our hypothetical system will simply underperform the passive fund by the amount of their fees — in the current
case, 1 % — and that the underperformance will continue forever and ever, never being
made up
for.
«You can
make a strong
case for saying the American way is synonymous with Christianity,» claimed William Murray, a U.S. evangelical
active in the fundamentalists» contra - aid operations.
To
make the economic
case for an
active population policy, population planners would ultimately need to center their arguments on estimates of the economic value of human life.
Can we
make a
case for seeing the angels in God's initial plan of creation not just as messengers but as in some way
active agents with a specific role in the development of the evolutionary process, a role which he did not withdraw from those who rebelled, in the same way that he does not always or instantly remove bad rulers who affect the development of the historical process?
For example, sex within marriage is promoted as the ideal of the Catholic faith, but the school explicitly recognises the reality that some young people may choose to be sexually
active and, if that is the
case, they need the knowledge and confidence to
make an informed choice to protect themselves from pregnancy and STIs.
Even when I asked
for and received proof — in this
case a phone call I watched him
make to a number I independently verified, then a meeting in which I witnessed cash handed to an
active SEC football player — it's just cash changing hands.
However, it is unlikely to win plaudits
for the Party if, at the same time as
making the
case for far more
active government, the Party insists on taking credit
for Conservative measures — above all the fiscal mandate — which have frustrated recovery and intensified Britain's economic problems.
Improved diagnostic tests are on the horizon, but we need huge efforts to increase their accuracy, use them
for active case finding in the community, and eventually
make them available in low income countries so as to inform treatment decisions and preserve the efficacy of any new antibiotic drugs
for TB,» says lead author of the Commission Professor Keertan Dheda, University of Cape Town.
Iodine is the
active ingredient in many thyroid supplements on the market, but research has shown excess iodine intake to
make problems worse
for the Hashimoto's
case.
Of course, the gut has to stay sealed up, but it provides promise
for cases like mine, where I don't have any
active signs of autoimmunity since healing my gut (assuming I continue to avoid leaky gut triggers that
made me sick in the first place, like Gluten).
«I think, in this
case, it's okay that they're
making it exclusive to Apple fans, because it's a micro-niche dating site,» says Mark Brooks, an online dating site consultant who has worked
for Cupid.com and eHarmony.com «But what's going to matter the most is not just the numbers they see, it's how
active their user base is.»
The Schools Get
Active Hub (www.api-play.org/schoolsgetactive) has lots of useful advice, information and
case studies from other schools who,
for example, have
made the most of small budgets, limited space or whose current play equipment needs replacing.
The observations
made in this
case study show that drama can be integrated into academic classrooms as an effective approach
for engaging students in
active participation in their learning while helping them
make connections between historical and contemporary world issues.
Strangely absent is
active cruise control, but overall the 2018 GMC Terrain
makes a solid
case for itself against tough competition.
With X models sales going strong in the U.S. and a potential high price point
for the
Active Tourer, the business
case doesn't seem to
make sense, at least
for now.
And the panel retained ZPR, the BMO Preferred Share Index ETF, although Rebetez
made a strong
case for an actively managed alternative, HPR, the Horizons
Active Preferred Share ETF.
If this is the
case, it doesn't
make sense to pay a higher fee
for «
active» management.
The
Active Bear website
makes a good
case for permanently short portfolios.
Making the
Case for Passive Investing's Triumph By almost any measure — performance, inflows and certainly bang
for the buck — passive funds
for years have trounced
active managers.
Before fees,
active management
makes a good
case for itself.
With an
active puppy breed you have to be quick on your toes and faster with your camera shutter finger to capture these moments, it's not easy to get a puppy to pose
for a stranger with a long lens
making all sorts of distracting clicking noises, luckily in this
case the dog owner was an absolute superstar in getting the pup calm and relaxed to get her beautiful portrait taken.
While a
case may be
made that player numbers by themselves are not wholly indicative of health, more
active players competing on a regular basis is generally good
for fostering innovation and tighter competition.
Not only does Thomas upset the power dynamics at work between passive sitter and
active viewer, which structure the history of art, she
makes a
case for upsetting a gendered dynamic beyond the space of the picture.
Consisting of more than forty works from Graham's three major stateside projects — «American Night,» 1998 — 2002; «A Shimmer Possibility,» 2004 — 2006; and «The Present,» 2009 — 11 — this show
made a
case for the photograph's capacity to encourage
active looking, incite empathy,
On the ground floor of this art space, there is more food
for thought as it features an
active restaurant and bar named Bar & Kitchen where Trayte is also exhibiting a whimsical range of limited edition, semi-functional ceramics with custom -
made display
cases.
That's more or less the message noted researcher John Pucher has tirelessly delivered,
making the
case for cycling and walking - «
active transportation» - as a way
for cities to deal with creeping obesity
The End of Nature (1989) The Age of Missing Information (1992) Hope, Human and Wild: True Stories of Living Lightly on the Earth (1995) Maybe One: A Personal and Environmental Argument
for Single Child Families (1998) Hundred Dollar Holiday: The
Case for a More Joyous Christmas (1998) Long Distance: Testing the Limits of Body and Spirit in a Year of Living Strenuously (2001) Enough: Staying Human in an Engineered Age (2003) Wandering Home: A Long Walk Across America's Most Hopeful Landscape (2005) The Comforting Whirlwind: God, Job, and the Scale of Creation (2005) Deep Economy: The Wealth of Communities and the Durable Future (2007) Fight Global Warming Now: The Handbook
for Taking Action in Your Community (2007) The Bill McKibben Reader: Pieces from an
Active Life (2008) American Earth: Environmental Writing Since Thoreau (edited)(2008) Eaarth:
Making a Life on a Tough New Planet (2010) The Global Warming Reader: A Century of Writing About Climate Change (2011) Oil and Honey: The Education of an Unlikely Activist (2013)
He further recommends that older content,
for cases that are no longer
active, also be
made downloadable without a charge or log - in.
The replacement of the Lord Chancellor's role by the JAC was overdue in democratic terms (it is unthinkable that an
active politician like Chris Grayling or Jack Straw could
make senior judicial appointments); may, in this
case, have led to the appointment of the best candidate
for a difficult job at a difficult time; but may have impeded the process of creating a more diverse judiciary in the absence of any statutory injunction to take into account strategic development of the judiciary.
Or you could
make your client files folder an
Active Copy folder, in which
case you would always have a synced copy on your Pogoplug drive
for rudimentary backup (just remember, sync is not backup).
44 The Court has consistently held that there is nothing to prevent, in principle, the granting of social security benefits to Union citizens who are not economically
active being
made conditional upon those citizens meeting the necessary requirements
for obtaining a legal right of residence in the host Member State (see, to that effect,
Case C ‑ 85 / 96 Martínez Sala [1998] ECR I ‑ 2691, paragraphs 61 to 63;
Case C ‑ 184 / 99 Grzelczyk [2001] ECR I ‑ 6193, paragraphs 32 and 33;
Case C ‑ 456 / 02 Trojani [2004] ECR I ‑ 7573, paragraphs 42 and 43;
Case C ‑ 209 / 03 Bidar [2005] ECR I ‑ 2119, paragraph 37; and
Case C ‑ 158 / 07 Förster [2008] ECR I ‑ 8507, paragraph 39).
And, even more important, that a new TAR 2.0 protocol called Continuous
Active Learning can
make the process effective
for every review, regardless of
case size or richness of electronically stored information collected from clients or received from other parties.
It's a typical move
for swimming photos that
make another
case for the inclusion of this
Active button in future Galaxy smartphones.
And while the traditional resume is alive and well, in today's competitive and
active employment market it's often appropriate to recommend and prepare additional documents that go beyond the resume to
make an even stronger
case for our clients.