Series: IMF Working Papers
Author(s): Roberto Piazza
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 2010
Keywords: investors, financial innovation, investment strategies, hedge, hedge funds, Information, Great Moderation, Liquidation Crisis, General Financial Markets,
Financial innovation has increased diversification opportunities and lowered investment costs, but has not reduced the relative cost of active (informed) investment strategies relative to passive (less informed) st...