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Gârleanu et al., 2022 - Google Patents

Active and passive investing: Understanding Samuelson's dictum

Gârleanu et al., 2022

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Document ID
14249402587661197106
Author
Gârleanu N
Pedersen L
Publication year
Publication venue
The Review of Asset Pricing Studies

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We model how investors allocate between asset managers, managers choose portfolios of multiple securities, fees are set, and security prices are determined. Investors are indifferent between higher-cost informed managers and lower-cost uninformed managers, interpreted …
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    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/06—Investment, e.g. financial instruments, portfolio management or fund management
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    • G06Q10/00—Administration; Management
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    • G06Q99/00—Subject matter not provided for in other groups of this subclass

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