Asset managers are increasingly influential in financial markets. This paper uses new regulatory as well as manually collected data on asset managers of life insurers, the largest institutional investors of corporate bonds, and finds that insurers with the same asset managers have more similar portfolios and trades.
No takes yet. Share an insight, caveat, or question.
Ozdagli et al. (2025) studied this question.
Synapse has enriched 5 related papers. Consider them for comparative context: