Outgoing Perpetual chief Geoff Lloyd says there’s a ‘strong place’ for active and passive funds – The Sydney Morning Herald

Outgoing Perpetual chief executive Geoff Lloyd maintains active fund managers in Australia still have a bright future, despite the threat from the global rise of passive investment funds. Mr Lloyd, 49, on Monday announced he would step down at the end of this financial year, after a five-year period in which the industry has faced major structural changes. Perpetual…