Janus Henderson's Formica calls on industry to demonstrate active management benefits

Suits rising rate environment

Janus Henderson co-CEO Andrew Formica has called out the industry for not doing "a good enough job" at educating investors on the benefits of active management.

Formica became co-chief executive with Richard Weil in May following the merger of Henderson Global Investors with Janus Capital last year. He said: "The industry is not making a clear argument for active management. It has not done a good enough job in quantifying the benefits of active management to investors. We have to do better." Formica said a big issue hindering active management was the ongoing preoccupation of clients and the media on the cost of investment. "There is too much focus on the costs of investment management and not on value. If you only focus on costs then pas...