passive managers

also referred to as: passive manager

4 statements across 1 episodes · 0 bullish · 0 bearish · 1 people on the record · first statement Jul 9, 2020 by Hiro Mizuno · across every show →

Everything said about passive managers, oldest first

Jul 9, 2020
Disclosure
Mizuno: GPIF weighted stewardship at 30% in passive manager evaluations
“So we changed our evaluation scoring model. To allocate 30% of the total score to the stewardship activities in the evaluation of passive managers.”
Hiro Mizuno Jul 9, 2020 ▶ 33:25 Sustainable Investing 10: Hiro Mizuno – Changing the Game (Capital Allocators, EP.148)
Jul 9, 2020
Assertion Supported
Mizuno: Only two passive managers earned extra fees for stewardship at GPIF
“And by the time I left, there are only two passive managers who proposed their GPIF, their new business model with specific KPI, how to improve their stewardship activities, and they received extra layout fees from the GPIF.”
Hiro Mizuno Jul 9, 2020 ▶ 34:17 Sustainable Investing 10: Hiro Mizuno – Changing the Game (Capital Allocators, EP.148)
Jul 9, 2020
Insight
Mizuno: Passive managers only add value through stewardship, not index tracking
“And the index tracking, that's what people say that they add value, but I really believe that should be cost-free because we don't need a human to track the index anymore. Only the area I thought the passive manager can really add value and differentiate their…”
Hiro Mizuno Jul 9, 2020 ▶ 33:05 Sustainable Investing 10: Hiro Mizuno – Changing the Game (Capital Allocators, EP.148)
Jul 9, 2020 neutral
Opinion
Mizuno: Passive managers' influence over corporate executives has drastically increased
“The passive manager used to be very easy ones, because they actually either just follow the ISS and address this type of the proxy voting advisors, advisors, advisors, but now they actually have their own, they seem to have their own opinion. And they actually…”
Hiro Mizuno Jul 9, 2020 ▶ 41:46 Sustainable Investing 10: Hiro Mizuno – Changing the Game (Capital Allocators, EP.148)
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