State of Active April 2026 – What Q1 Outperformance Reveals: BI Replay

Shifts in market conditions during the first quarter created a new backdrop for active managers, with meaningful changes in where and how often they outperformed. In this webinar, BI Mutual Fund and Active Analyst David Cohne and Associate Analyst Sharoon Francis analyze Q1 results using Bloomberg’s BEAT report, focusing on outperformance rates across equity and fixed income categories. They will examine how the breadth of outperformance evolved across categories, where results diverged from longer term trends, and what recent dispersion and market dynamics reveal about a more selective environment for active strategies.