Smarter alpha: Get more from a portfolio’s core

This article discusses how investors can achieve “smarter alpha” by blending active and passive strategies in their portfolio’s core. It highlights that while passive strategies offer low costs, they miss out on potential alpha, and even a modest outperformance in the core can significantly impact long-term returns. The piece proposes an active-core strategy that integrates fundamental research and quantitative analysis to generate consistent, risk-adjusted alpha while maintaining benchmark-like risk and competitive fees.