Thumbnail Image
Publication

The Revolution in Trust Investment Law

Langbein, John
; 
Posner, Richard
Keywords
Collections
Faculty Scholarship Series
Show all metadata
Files
Thumbnail Image
Revolution_in_Trust_Investment_Law__The.pdf
Adobe PDF, 751.94 KB
Abstract
Trustees' conventional investment practices may be producing inadequate results in view of the growing body of evidencethat stock picking and mutual funds are not outperforming, and perhaps may be underperforming, the market. The new learning has resulted in the "market fund," which should receive judicial approval for prudent investment standards. Thereafter trustees may be running a risk of surcharge in continuing to use the old methods.
URI
http://hdl.handle.net/20.500.13051/4451