Decentralized investment management: evidence from the pension fund industry

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Bringing cost transparency to the life annuity market (2014, background): “If an individual believes that the investment management fees are too high, then they can switch to another fund manager (Blake et al. 2013, Christoffersen et al. 2013).”
An Equilibrium Model of Institutional Demand and Asset Prices (2016, unknown): “Other types of institutions such as insurance companies, pension funds, and hedge funds also use investment mandates even though they are usually not publicly disclosed (Sharpe 1981; Binsbergen, Brandt, and Koijen 2008; Blake et al. 2013).”
Network centrality and pension fund performance (2015, unknown): “Specifically, our unique dataset, also described in Blake et al. (2013), allows us to compute network connections in a very detailed manner.4 That is, for each calendar quarter from 1984-2004, we have information on the identity of each fund manager employed by each pension fund, the return of the…”