Institutional investors 'need more active management'
Summit panellists say investors now need abler managers; they can't just count on market indices to generate returns
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Singapore
LARGE institutional investors can no longer depend on market benchmark indices as a major source of their returns and will have to rely more on genuinely skilled active managers, a top executive at Singapore's sovereign wealth fund said on Friday.
Jeffrey Jaensubhakij, GIC president of public markets and director of equities, said: "There's not a lot to like in the indices . . . You cannot invest in indices and expect that to be your source of gains."
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