New Developments in Long-Term Asset Management.

• Position: Conferences

The NBER conference New Developments in Long-Term Asset Management took place May 9-10 in Cambridge. Research Associates Monika Piazzesi of Stanford University and Luis M. Viceira of Harvard University organized the meeting, which was sponsored by Norges Bank Investment Management. These researchers' papers were presented and discussed:

* Matthew Backus, Columbia University and NBER; Christopher Conlon, New York University; and Michael Sinkinson, Yale University and NBER, "Common Ownership in America: 1980-2017" (NBER Working Paper No. 25454)

* Andra C. Ghent, University of Wisconsin-Madison, "What's Wrong with Pittsburgh? Delegated Investors and Liquidity Concentration"

* Aleksandar Andonov, University of Amsterdam; Roman Kraussl, University of Luxembourg; and Joshua Rauh, Stanford University and NBER, "The Subsidy to Infrastructure as an Asset Class" (NBER Working Paper No. 25045)

* Lubos Pastor, University of Chicago and NBER; Robert F. Stambaugh, University of Pennsylvania and NBER; and Lucian A. Taylor, University of Pennsylvania, "Fund Tradeoffs" (NBER Working Paper No. 23670)

* Mikhail Chernov, University of California, Los Angeles and NBER; Lars A. Lochstoer, University of California, Los Angeles; and Stig Lundeby, Norwegian School of Economics, "Conditional Dynamics and the...