Paying for Efficient and Effective Markets

Paying for Efficient and Effective Markets

Summary

To perform at full potential, the economy requires efficient and effective financial markets that operate at minimum feasible social cost.

Actively managed funds play a crucial role in bringing about market efficiency and effectiveness, but only as a by-product of their costly efforts to out-perform the market. Passive investment funds compete for investors by offering low-cost investment options, but they do so in part by taking market efficiency and effectiveness as given. Consequently, it is unclear if market forces alone will lead to the optimal balance of efficiency, effectiveness, and cost.

In this 2 day conference we will explore these issues, focusing upon:

  • The rise of passive investing
  • How market efficiency arises: The role of  active funds, passive funds and benchmarking
  • Do large investment funds affect competition between the firms in which they invest?
  • Manager skill and fund fees in equilibrium
  • The impact of passive funds on corporate governance
  • The implications of passive funds for financial stability

To apply for a place at the conference please click on the apply button.

Details

  • When

  • 22 March, 2019 - 23 March, 2019

  • Where

  • Stationers' Hall
    Ave Maria Lane
    London EC4M 7DD

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