Asset Management Contracts and Equilibrium Prices
NBER Working Paper No. 20480
---- Acknowledgments ----
We thank Daniel Andrei, Oliver Bought, Jennifer Carpenter, Sergey Chernenko, Chris Darnell, Peter DeMarzo, Philip Edwards, Ken French, Diego Garcia, Jeremy Grantham, Zhiguo He, Apoorva Javadekar, Ron Kaniel, Ralph Koijen, Dong Lou, Dmitry Orlov, Anna Pavlova, seminar participants at the Bank of England, Bocconi, Boston University, CEU, Cheung Kong, Dartmouth, Duke, Insead, Louvain, LSE, Maryland, Minnesota, SMU, Stanford, Toulouse, Yale, and conference participants at AEA, ASAP, BIS, CEMFI, CRETE, ESSFM Gerzenzee, FIRS, FRIC, FTG, Inquire UK, Jackson Hole, LSE PWC, NBER Asset Pricing, SFS Cavalcade, Utah, and WFA for helpful comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.