The Grant Williams Podcast · Tuesday, September 15, 2026
Mike Green expressed surprise at the lack of active management competition for the core of major portfolios like the S&P 500. He noted that while legacy positions exist, no genuine attempt has been made to actively manage these central holdings for over a decade. Green attributed this to the industry's 'capitulation' and a potential difficulty in developing products that truly harness the insights he has been developing.
“To me, as I began to move into implementation and figuring out whether there was actually a business here, one of the things that just shocked me is looking at how our industry has capitulated and given up.”
“The simple reality is there is no active management competition for the center of that portfolio anymore.”