The Boston College Center for Asset Management Conference
June 8-9, 2006
“What We Know About Investors In Mutual Funds”
Brian Reid, chief economist of the Investment Company Institute,
summarizes an ICI survey of 750 households and the resulting portrayal
of the typical investor.
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“The Asset Management Industry in 2010”
Aging
baby boomers, social security and health care crises, and faltering pensions
will be among the factors leading to great change in the asset management industry,
say Matthew Montnimy and Steve Vanourny, associate principals at McKinsey & Company.
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“Is Stock Picking Declining around the World?” - “Waiting and Waiting for the Risk Premium: The Wile E. Coyote Market”
Speaking at the 2006 Center for Asset Management Conference,
Jeremy Grantham, cofounder of GMO, a global investment management
firm, identifies factors that are weakening worldwide stock markets.
Utpal Bhattacharya, professor of finance at Indiana University,
notes another worldwide phenomenon: indexing is replacing
stock-picking.
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“Costly Communication, Shareholder Activism, and Limits to Arbitrage” - “Shareholder Activism 101”
Itay
Goldstein, assistant professor of finance at the Wharton School, and Philip
Goldstein (no relation), founder of Bulldog Investors, present alternate perspectives
on "activist arbitrage" by shareholders.
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