The Revolution in Trust Investment Law
Publication Date
1976
Publication Title
American Bar Association Journal
Abstract
Trustees' conventional investment practices may be producing inadequate results in view of the growing body of evidence that stock picking and mutual funds are not outperforming, and perhaps may be underperforming, the market. The new learning has resulted in the "market fund," which should receive judicial approval for prudent investment standards. Thereafter trustees may be running a risk of surcharge in continuing to use the old methods.
Recommended Citation
Richard A. Posner & John H. Langbein, "The Revolution in Trust Investment Law," 62 American Bar Association Journal 887 (1976).
Additional Information
Certain portions of this article as it appeared in 62 A.B.A. J. 764 (1976) were not in the correct order. The article is republished herewith in proper sequence.