Transaction Costs and Asset Management

Yakov Amihud () and Haim Mendelson ()
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Yakov Amihud: New York University
Haim Mendelson: Stanford Business School

Chapter 22 in Global Asset Management, 2013, pp 414-432 from Palgrave Macmillan

Abstract: Abstract Asset management firms engage in three major types of activities: the core activity of making and implementing investment decisions, client acquisition, and development and support efforts that facilitate and enable the other two activities. Transaction costs link all three activities. As we show in this chapter, the judicious management of transaction costs creates opportunities to increase investment returns, improve profitability and better target investor clienteles.

Keywords: Transaction Cost; Mutual Fund; Hedge Fund; Asset Manager; Market Maker (search for similar items in EconPapers)
Date: 2013
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DOI: 10.1057/9781137328878_22

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