The rise of “Smart Beta” has been something to admire over the course of the past 13 years. From humble beginnings to a term that encompasses a wide range of offerings across the globe that is starting to eat the lunch of many an active manager. So, the question is “what is smart beta” and no, the opposite being “dumb beta” is not the answer. The active versus passive investment management debate is one that has been waged since the beginning of time (not literally but it cer