Cowen Benefits From Volatility as Active Investor

The video discusses how volatility in markets benefits brokerage businesses by increasing trading activity. It emphasizes the importance of investing in research and maintaining client engagement to capture market share. The discussion contrasts active and passive investment strategies, highlighting the need for actionable research and algorithmic trading to outperform passive strategies. The video also covers the significance of the IPO calendar in active management and the challenges faced by active managers in outperforming passive strategies.

What impact does market volatility have on brokerage businesses?

What strategies can be employed to help clients trade more efficiently?

What role does fundamental research play in outperforming passive strategies?

How can active managers outperform passive managers according to the text?

What challenges do active managers face in the current market environment?