TITLE: Is the space of Hankel operators complemented in B(H)?
QUESTION [18 upvotes]: Let $H$ be $\ell^2({\mathbb N})$ and let $S:H\to H$ be the unilateral forward shift, so that $S^*S=I\neq SS^*$. Then a bounded operator $T:H\to H$ is Hankel if and only if it satisfies $TS=S^*T$.
Let $V$ be the space of all bounded Hankel operators on $H$. Does there exists a bounded linear projection from $B(H)$ onto $V$?
I thought I'd seen something on this question mentioned in Nikolskii's books on operator theory, but am currently having no luck finding anything on MathSciNet, nor via Google. The only thing I can find is a 1980 survey article by Steve Power, in which he remarks that it is "unlikely" that $V$ is complemented in $B(H)$; but there the trail appears to go cold. Certainly, the naive attempt to construct a projection by "averaging" doesn't seem to work.
Perhaps this question is known to be open? It feels like something that people would have worked on, since there are various negative results showing that certain other natural subspaces of $B(H)$ are uncomplemented.

REPLY [22 votes]: The answer is no: there is no bounded projection from $B(H)$ onto $V$. For a proof, see for example Theorem 5.12 in Peller's book Hankel operators and their applications.
If you replace $B(H)$ by the Schatten class $S^p$ with $1\leq p <\infty$, the answer becomes yes. For $1<p<\infty$, the natural averaging projection is bounded, and actually completely bounded and even regular (with norm of order $\sqrt p$ if $p>2$, and $1/\sqrt{p-1}$ if $p<2$). There is an interesting phenomenon at $p=1$: the natural projection is no longer bounded, but there is another one which is bounded. This is explained in chapter 5 of Peller's book.