A PYMNTS Company

The New Mandate Owners: Passive Asset Managers and The Decoupling of Corporate Ownership

BY | June 14, 2017

By Carmel Shenkar, Eelke M. Heemskerk & Jan Fichtner – A major shift toward passively managed index funds in recent years has led to the re-concentration of corporate ownership in…

By Carmel Shenkar, Eelke M. Heemskerk & Jan Fichtner

A major shift toward passively managed index funds in recent years has led to the re-concentration of corporate ownership in the hands of just three large asset management firms, the Big Three: BlackRock, Vanguard and State Street. We propose that this trend has restructured ownership in capital markets. Adopting a contractual view to the corporate share, we re-define share holding and suggest that the New Mandate Owners in fact ho

...
THIS ARTICLE IS NOT AVAILABLE FOR IP ADDRESS 44.212.94.18

Please verify email or join us to access premium content!