Active share emerged as a new tool to assess an active manager’s process. Erianna Khusainova, Portfolio Analyst on Lazard’s Multi Asset team, discusses the usefulness and limitations of active share and how it can be employed to evaluate portfolios. Academic research revealed that high active share portfolios are linked to outperformance. Low active share can help identify “closet indexers,” that is, managers posing as active but in reality closely resemble an index.

Featured Speaker

Erianna Khusainova, CFA, CAIA

Senior Vice President, Portfolio Analyst

Erianna Khusainova is a Senior Vice President and Portfolio Analyst on the Lazard Multi-Asset investment team, focusing on investment strategy and macroeconomic research. Since joining Lazard, Erianna built and led the global Marketing Data group, which serves as a centralized resource for quantitative portfolio and market analytics to support the firm's global marketing and sales efforts. She began working in the investment field in 2006. Prior to joining Lazard in 2006, Erianna was a Senior Staff Accountant at The King's College, responsible for accounting and financial analysis. Erianna has an MBA in Finance from the Baruch College, Zicklin School of Business and a BBA in Finance from Tashkent Polytechnical University in Uzbekistan. She is a member of the NYSSA and the CFA Institute and is a native speaker of Russian.