expenses associated with the actively-managed funds that they are mimicking opportunity to invest in assets that managers …

We derive equilibrium asset prices when fund managers deviate from benchmark indices to exploit noise-trader induced … distortions but fund investors constrain these deviations. Because constraints force managers to buy assets that they underweight …. Noise traders bias prices upward because constraints make it harder for managers to underweight overvalued assets, which …

's measure of overconfidence, based on CEO stock-option exercise, to study the relationship between a CEO's "revealed beliefs … association between overconfidence and citation-weighted patent counts in both cross-sectional and fixed-effect models. This …

We survey more than 200 private equity (PE) managers from firms with $1.9 trillion of assets under management (AUM …) about their portfolio performance, decisionmaking and activities during the Covid-19 pandemic. Given that PE managers have … important for both the preservation and creation of value. PE managers believe that 40% of their portfolio companies are …