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| Author: | Perold, A.F. Salomon, R.S. |
| Title: | The right amount of assets under management |
| Journal: | Financial Analysts
1991 : MAY/JUNE, VOL. 47:3, p. 31-39 |
| Index terms: | PERFORMANCE APPRAISAL ASSETS EQUITY PORTFOLIOS |
| Language: | eng |
| Abstract: | Analysis of economies of scale to increase assets under management. Diseconomies of scale. Role of an equity manager. Transaction cost. Market impact and block size. Amount of assets and investment performance. Wealth maximization. Single investment decision. Slow trading. Maximum assets versus maximum wealth. Wealth-maximizing amount of assets. Fee structures. Two Tables and 6 Figures illustrate the study. |
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