Inside Active: State Street’s Paglia on Performance and Scale
Inside Active
State Street’s Paglia on Performance and Scale
Over the past decade, expanded market access through ETFs and new structures has raised questions about capacity, outcomes, and what it means for active management. In this episode of Inside Active, host David Cohne, mutual fund and active management analyst at Bloomberg Intelligence, speaks with Anna Paglia, executive vice president and chief business officer for State Street Investment Management about how the industry is moving beyond the traditional active-versus-passive debate as ETFs evolve into a vehicle for both. They explore how strong benchmarks and investor focus on returns are raising the bar for active managers, and how capacity and liquidity shape decisions around product structure. They also discuss the role of model portfolios in driving flows and how improving transparency and liquidity could expand access to private markets. Recorded May 4.
May 12, 2026