For this silver level award, the judges are looking to see whether you run your own in-house active management, use external managers or a mix of both. Among the areas of interest to them are:
why you have chosen the active role
do you actively manage across asset classes, or just particular classes?
what are your return expectations on a risk adjusted or other basis?
your risk management and controls
any use of tactical overlays
benchmarked and/or absolute return strategies
If you use external managers:
how do you select the best in class and monitor them effectively?