Passive versus Active Management

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dc.contributor.advisorMoffit, Timothy E.
dc.contributor.authorRichardson, Adam W.
dc.date.accessioned2012-06-18T20:47:05Z
dc.date.available2012-06-18T20:47:05Z
dc.date.issued2004
dc.description37 p.en_US
dc.description.abstractThe debate over passive versus active management has spawned over three decades. It is more than just a debate of whether markets are efficient or not. Market timing, asset allocation, and skill are necessary components of a healthy manager, whether he or she is passive or active. Bodies of research have claimed that the market exhibits gross inefficiencies and how active managers can exploit these inefficiencies. Other bodies of research have claimed that the market is efficient and all returns are proof of the random walk theory. As more and more models are created for market timing and asset allocation, it is important to review each work critically.en_US
dc.format.mimetypeapplication/pdf
dc.identifier.urihttp://hdl.handle.net/10920/26607
dc.language.isoen_USen_US
dc.relation.ispartofKalamazoo College Economics and Business Senior Individualized Projects Collection
dc.relation.ispartofseriesSenior Individualized Projects. Economics and Business.;
dc.rightsU.S. copyright laws protect this material. Commercial use or distribution of this material is not permitted without prior written permission of the copyright holder.
dc.titlePassive versus Active Managementen_US
dc.typeThesisen_US
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