New developments in long-term asset management.

• Position: Conferences - Brief article

An NBER conference, "New Developments in Long-Term Asset Management," supported by Norges Bank Investment Management, took place in London on May 19-20. Asset Pricing Program Director Monika Piazzesi of Stanford University and Research Associate Luis M. Viceira of Harvard University organized the meeting. These researchers' papers were presented and discussed:

* Marcin Kacperczyk and Emiliano Pagnotta, Imperial College London, "Chasing Private Information"

* Nicolae B. Garleanu, University of California, Berkeley, and NBER, and Lasse H. Pedersen, Copenhagen Business School, "Efficiently Inefficient Markets for Assets and Asset Management" (NBER Working Paper No. 21563)

* Matthijs Breugem, Frankfurt School of Finance and Management, and Adrian Buss, INSEAD (France), "Institutional Investors and Information Acquisition: Implications for Asset Prices and Informational Efficiency"

* Gabriel Chodorow-Reich, Harvard University and NBER; Andra C. Ghent, University of Wisconsin-Madison; and Valentin Haddad, University of California, Los Angeles, and...