A research paper co-authored by Kenan Institute Director Greg Brown is cited in a recent Bloomberg View post by columnist Matt Levine.  The post, “Are Banks Worthless?,” looks at passive investing, the performance of banks’ investment products, and other current financial topics.  Brown’s paper, co-authored with Söhnke Bartram and René Stultz, explores the reasons for historically low idiosyncratic risk in recent years.

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