Groups associated to $II_1$-factors
Nathanial P. Brown, Valerio Capraro

TL;DR
This paper constructs a Hom semigroup for pairs of II$_1$-factors, revealing algebraic and geometric structures such as a Banach space with automorphism group actions, extending previous work in operator algebras.
Contribution
It introduces a natural Hom semigroup associated to pairs of II$_1$-factors and explores its algebraic and geometric properties, including embedding into a Grothendieck group and vector space structure.
Findings
Semigroup always satisfies cancellation
Grothendieck group is a Banach space
Outer automorphism groups act naturally
Abstract
We extend recent work of the first named author, constructing a natural Hom semigroup associated to any pair of II-factors. This semigroup always satisfies cancelation, hence embeds into its Grothendieck group. When the target is an ultraproduct of a McDuff factor (e.g., ), this Grothendieck group turns out to carry a natural vector space structure; in fact, it is a Banach space with natural actions of outer automorphism groups.
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