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Active versus Passive: Old Wine in New Wine Skins

Eric Sorensen, Nicholas Alonso, Sebastian Lancetti and Daniel Belanger
The Journal of Portfolio Management February 2022, jpm.2021.1.325; DOI: https://doi.org/10.3905/jpm.2021.1.325
Eric Sorensen
is the CEO of PanAgora Asset Management in Boston, MA
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Nicholas Alonso
is the director of the multi-asset group at PanAgora Asset Management in Boston, MA
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Sebastian Lancetti
is a director and head of strategy for PanAgora Asset Management in Boston, MA
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Daniel Belanger
is an analyst on the portfolio strategy team at PanAgora Asset Management in Boston, MA
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Article Information

jpm.2021.1.325
DOI 
https://doi.org/10.3905/jpm.2021.1.325

Published By 
Pageant Media Ltd
Print ISSN 
0095-4918
Online ISSN 
2168-8656
History 
  • Published online December 30, 2021.

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  • You are currently viewing a Latest version of this article (December 30, 2021 - 04:10).
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© 2021 Pageant Media Ltd

Author Information

  1. Eric Sorensen
    1. is the CEO of PanAgora Asset Management in Boston, MA. (esorensen{at}panagora.com)
  2. Nicholas Alonso
    1. is the director of the multi-asset group at PanAgora Asset Management in Boston, MA. (nalonso{at}panagora.com)
  3. Sebastian Lancetti
    1. is a director and head of strategy for PanAgora Asset Management in Boston, MA. (slancetti{at}panagora.com)
  4. Daniel Belanger
    1. is an analyst on the portfolio strategy team at PanAgora Asset Management in Boston, MA. (dbelanger{at}panagora.com)
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The Journal of Portfolio Management: 49 (4)
The Journal of Portfolio Management
Vol. 49, Issue 4
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Active versus Passive: Old Wine in New Wine Skins
Eric Sorensen, Nicholas Alonso, Sebastian Lancetti, Daniel Belanger
The Journal of Portfolio Management Dec 2021, jpm.2021.1.325; DOI: 10.3905/jpm.2021.1.325

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Active versus Passive: Old Wine in New Wine Skins
Eric Sorensen, Nicholas Alonso, Sebastian Lancetti, Daniel Belanger
The Journal of Portfolio Management Dec 2021, jpm.2021.1.325; DOI: 10.3905/jpm.2021.1.325
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  • Article
    • Abstract
    • CONCENTRATION CYCLES
    • WHY THE PASSIVE INDEX
    • THE CROWD GETS LARGER
    • VARIOUS ALTERNATIVES VERSUS PASSIVE
    • CONDITIONALITY COUNTS
    • MONETARY CONDITIONS
    • INTEREST RATE CONDITIONS
    • HISTORICAL PHASES OF CONCENTRATION AND WEIGHTING STRATEGIES
    • SIMULATING ACTIVE STOCK SELECTION WITH SKILL
    • CORROBORATION FROM REAL PORTFOLIOS USING EVESTMENT DATA
    • SUMMARY
    • APPENDIX
    • ENDNOTES
    • REFERENCES
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