The case for whole-stock portfolios: Failure of the multiple-specialist architecture

Journal of Portfolio Management

Volumn 27, Issue 3, 2001, Pages 17-26

  Ennis, Richard M ^a  

^a Department of Ennis Knupp ^*  (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0035285661     PISSN: 00954918     EISSN: None     Source Type: Journal    
DOI: 10.3905/jpm.2001.319798     Document Type: Article

References (17)

1. Brush, John S. "Comparisons and Combinations of Long and Long/Short Strategies." Financial Analysts Journal, May/June 1997, pp. 81-89.
2. Carhart, Mark M. "On Persistence in Mutual Fund Performance." Journal of Finance, March 1997, pp. 57-81.
3. Ellis, Charles D. "A New Paradigm: The Evolution of Investment Management." Financial Analysts Journal, March/April 1992, pp. 16-18.
4. Ennis, Richard M. "The Structure of the Investment Management Industry: Revisiting the New Paradigm." Financial Analysts Journal, July/August 1997, pp. 6-13.
5. Fama, Eugene F., and Kenneth R. French. "Common Risk Factors in the Returns on Stocks and Bonds." Journal of Financial Economics, 33 (1993), pp. 3-56.
6. Grinold, Richard C. "The Fundamental Law of Active Management." The Journal of Portfolio Management, Spring 1989, pp. 30-37.
7. Grinold, Richard C., and Ronald N. Kahn. "The Efficiency Gains of Long-Short Investing." Financial Analysts Journal, November/December 2000, pp. 40-53.
8. Jacobs, Bruce I., and Kenneth N. Levy. "Long/Short Equity Investing: Profit from Both Winners and Losers." The Journal of Portfolio Management, Fall 1993, pp. 52-63.
9. Kahn, Ronald N. "Bond Managers Need to Take More Risk." The Journal of Portfolio Management, Spring 1998, pp. 70-76.
10. Keim, Donald B. and Ananth Madhavan. "The Cost of Institutional Equity Trades." Financial Analysts Journal, July/August 1998, pp. 50-63.
11. "1999 NACUBO Endowment Survey." National Association of College and University Business Officers, 1999.
12. "1999 Survey of Fund Performance." Cost Effectiveness Measurement, Inc., 1999.
13. Stoll, Hans R. "The Importance of Equity Trading Costs: Evidence from Securities Firms' Revenues." In Robert A. Schwartz, ed., Global Equity Markets: Technological, Competitive and Regulatory Challenges. New York: Irwin Publishing, 1995.
14. Thomas, Lee R., III. "Active Management." The Journal of Portfolio Management, Winter 2000, pp. 25-32.
15. "United States Investment Management: Market Dynamics Tables." Greenwich Associates, 1999.
16. Wermers, Russ. "Mutual Fund Performance: An Empirical Decomposition into Stock Picking Talent, Style, Transaction Cost, and Expenses." Journal of Finance, August 2000, pp. 1655-1703.
17. Wilson, Edward O. Consilience. New York: Alfred A. Knopf, 1998.