Romer-Lee: IMA fails to represent active managers

The Investment Management Association (IMA) is failing to represent the interests of active fund managers, according to Richard Romer-Lee.

The Square Mile research and consulting company managing director said active managers are being let down by their representative body. Romer-Lee (pictured) said the IMA had done little to dispel the myth that passive management is a better option for investors when the difference in performance between active and passive is not that large. Speaking at a Schroders conference, he said: "I find it extraordinary that a trade body that is there to promote fund management companies seems to be so supine in the media. "There are some very good active fund managers who can generate very g...