BlackRock to Cut Jobs, Fees in Active-Equity Shake Up

The video discusses the ongoing debate between active and passive investment strategies, highlighting BlackRock's shift towards passive funds due to lower fees and industry pressures. It examines the reduction in BlackRock's active management and predicts the future of active management, suggesting a continued trend towards either highly active or highly passive strategies, with the middle ground diminishing.

What impact does the speaker believe the merger of asset managers will have on the industry?

According to the speaker, what will happen to the middle ground in investment strategies?