Speaker: Larry R. Abele
Title: How Indexing Affects Active Portfolio Management.
Affiliation: Deutch Asset Management.
Date: Friday, February 25.
Place and Time: Dirac Library, 4th floor, 3:00-4:00 pm.
Refreshments: 4:00 pm.

Abstract. A revolution is taking place in money management with the creation of index funds and the benchmarking of active managers. I will look at the implications to the industry and speculate that manager skill (the ability to add value to a benchmark) will become a traded derivative.