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As head of assetallocation research in our Investment Solutions Group, he is responsible for analyzing the relative attractiveness of various asset classes and investment strategies. Commission rates that used to be 40–50 cents per share are now routinely 1 or 2 cents, or less.
As head of assetallocation research in our Investment Solutions Group, he is responsible for analyzing the relative attractiveness of various asset classes and investment strategies. Commission rates that used to be 40–50 cents per share are now routinely 1 or 2 cents, or less.
I was having lunch with Jeremy in the summer of 2007, just after the Bear Stearns hedge fund started blowing up. Jeremy called and said, “Would you like to join the assetallocation team?” So he wanted a sort of non-quanty view input into the assetallocation process. CHANCELLOR: Well, I said no initially.
And look, I’m a big believer that some of those type commission products are still important. ” Whereas if they got that upfront commission, they’d spend the time doing it. It’s actually great and especially because you can do some basic kind of assetallocation models, so the robo-advisor… RITHOLTZ: Right.
And so I would see how the over-the-counter desk, over-the-counter stock desk would push stocks and encourage brokers to sell them, put a lot of commission in them, to move them because some big seller was coming into the market. Or should this be kept out of private assetallocators’ hands? RITHOLTZ: Right. RITHOLTZ: Wow.
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