Ep72 Alternatives vs. Mutual Funds: Where Should You Put Your Money

Ep72 Alternatives vs. Mutual Funds: Where Should You Put Your Money

In the rapid-moving world of delegated money management, it is important to recognize the differences in how mutual funds and alternative assets operate. When it comes to alternatives, how do these funds wind up with strong incentive contracts for the money managers as opposed to flat fee contracts more commonly seen in mutual funds? Why do managers of alternatives cap their fund sizes when it could potentially lead to lower fees?

On this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen examine the key differences between mutual funds and alternatives, by unpacking research in a new paper co-authored by Berk.

The conversation covers performance fees, persistent alpha, limits on capital, and the key liquidity distinction between mutual funds and alternatives.

Read “A  Unified Theory of Delegated Capital Management” by Jonathan Berk and Peter DeMarzo here: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=6019667

Find All Else Equal on the web:

https://lauder.wharton.upenn.edu/allelse/

All Else Equal: Making Better Decisions Podcast is a production of the UPenn Wharton Lauder Institute through University FM.


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Det här avsnittet är hämtat från ett öppet RSS-flöde och publiceras inte av Podme. Det kan innehålla reklam.

Avsnitt(105)

Rerun: Ep69 “The Science Behind Why We Don’t Just Say What We Mean” with Psychologist Steven Pinker - Part 2

Rerun: Ep69 “The Science Behind Why We Don’t Just Say What We Mean” with Psychologist Steven Pinker - Part 2

All Else Equal is taking a short break over the summer and will be revisiting some of our favorite conversations from last season. The show will be back with new episodes soon. In the final part of th...

29 Juli 24min

Rerun: Ep69 “The Science Behind Why We Don’t Just Say What We Mean” with Psychologist Steven Pinker - Part 1

Rerun: Ep69 “The Science Behind Why We Don’t Just Say What We Mean” with Psychologist Steven Pinker - Part 1

All Else Equal is taking a short break over the summer and will be revisiting some of our favorite conversations from last season. The show will be back with new episodes soon.  Everyday, we participa...

15 Juli 23min

Rerun: Ep68 “Is It Better to Overestimate or Underestimate Your Enemies?” with H.R. McMaster

Rerun: Ep68 “Is It Better to Overestimate or Underestimate Your Enemies?” with H.R. McMaster

All Else Equal is taking a short break over the summer and will be revisiting some of our favorite conversations from last season. The show will be back with new episodes soon.  Historically, the U.S....

1 Juli 34min

Ep78 “What’s Wrong With Taxing Billionaires More?” with Joshua Rauh

Ep78 “What’s Wrong With Taxing Billionaires More?” with Joshua Rauh

A proposed constitutional amendment on the ballots in California this November will impose a one-time 5% wealth tax on billionaires. Proponents of the amendment say it will bring upwards of $100 billi...

18 Juni 35min

Rerun: Ep65 "Will Future AI Systems Operate Like The Human Brain? It’s Complicated” with Jeff Hawkins

Rerun: Ep65 "Will Future AI Systems Operate Like The Human Brain? It’s Complicated” with Jeff Hawkins

This episode originally aired previously and is being re-shared due to its continued relevance. Enjoy this conversation with Jeff Hawkins on intelligence, neuroscience, and the future of AI. With grow...

3 Juni 32min

Ep77 The Academic Journal System is Broken, Here’s How to Fix It

Ep77 The Academic Journal System is Broken, Here’s How to Fix It

How should academic discourse take place? Is it time to update the antiquated journal system?  In the season finale, hosts and finance professors Jonathan Berk and Jules van Binsbergen tackle the prob...

13 Maj 29min

Rerun: Ep46 "May Contain Lies" with Alex Edmans

Rerun: Ep46 "May Contain Lies" with Alex Edmans

This week, we’re revisiting our ever-timely and fascinating conversation around misinformation with London Business School professor Alex Edmans. All Else Equal will be back with a new episode in two ...

29 Apr 29min

Ep76 “How Should You Deal with Uncertainty in Today's World?” with Nick Bloom

Ep76 “How Should You Deal with Uncertainty in Today's World?” with Nick Bloom

What do measures of uncertainty tell us about the state of the economy and how should firms and households use those measurements to inform decision-making? Hosts and finance professors Jonathan Berk ...

15 Apr 33min

Populärt inom Business & ekonomi

framgangspodden
badfluence
dynastin
varvet
uppgang-och-fall
avanzapodden
svd-tech-brief
fill-or-kill
rss-inga-dumma-fragor-om-pengar
tabberaset
lastbilspodden
rikatillsammans-om-privatekonomi-rikedom-i-livet
rss-borslunch
rss-kort-lang-analyspodden-fran-di
rss-dagen-med-di
rss-veckans-trade
borslunch-2
bathina-en-podcast
rss-dominoeffekten
rss-hos-psykologen