The Money Management Industry
Yves Smith of http://nakedcapitalism.com makes me want to reread:
Josef Lakonishok, Andrei Shleifer, and Robert W. Vishny (1992), "The Structure and Performance of the Money Management Industry," Brookings Papers on Economic Activity Microeconomics, pp. 339-391.
Where on Jeebus's great internet is it?
Ah. Here it is: http://links.jstor.org/sici?sici=1057-8641%281992%291992%3C339%3ATSAPOT%3E2.0.CO%3B2-N
