DAPP - 2021 Active Management Outlook: Will The Rebound Continue?

• In this post, we take a deeper dive into the gauges we monitor for the active management environment and discuss how this can play out in a well sourced, risk-managed multi-manager fund.
• The bottom line is we remain bullish on the opportunity set for skilled stock pickers and their ability to generate excess returns in this environment.
• Opportunities become more pronounced when coming from extreme starting points. Valuation spreads, fiscal/monetary policy and market concentration are all coming off historically elevated levels.

For further details see: