Theories of the effects of delegated portfolio managers' incentives

Delegated portfolio managers, such as hedge funds, mutual funds and pension funds, play a crucial role in financial markets. While it is well-known that their incentives are misaligned with those of their clients, the consequences of this misalignment are understudied. This thesis studies the effect...

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Bibliographic Details
Main Author: Piacentino, Giorgia
Published: London School of Economics and Political Science (University of London) 2013
Subjects:
346
Online Access:http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.579453