The rise of passive investing at the expense of active has been a major theme in fund management for years. However, with persistent geopolitical uncertainty, inflationary pressures, and ongoing interest rate volatility, active management is being put to the test. How are investors recalibrating their strategies in response to more modest market returns? How is technology—particularly AI and data analytics—reshaping decision-making, risk management, and alpha generation in active fund management? Additionally, how are shifting geopolitical dynamics influencing capital allocation and market structure? This roundtable of leading asset owners will engage in an open and insightful discussion on the evolving landscape of active fund management and what its future holds.