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Sahand Moarefy

Sahand Moarefy is a corporate attorney in New York.
Articles by Sahand Moarefy

The New Power Brokers: Index Funds and the Public Interest

One of the most consequential phenomena affecting the financial markets over the past two decades has been the increased con­centration of ownership in America’s public companies by a handful of institutional investors. Since 1998, the average combined stake in S&P 500 companies held by the “Big Three” institutional investment funds—Vanguard, State Street, and BlackRock—has quadrupled…

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