Essays on asset management
Hedge funds managed by listed firms significantly underperform funds managed by unlisted firms. We argue that since the new shareholders of a listed management company typically do not invest alongside the limited partners of the funds managed, the process of going public breaks the incentive alignm...
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| 格式: | text |
| 語言: | English |
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Institutional Knowledge at Singapore Management University
2016
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| 在線閱讀: | https://ink.library.smu.edu.sg/etd_coll_all/34 https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1020&context=etd_coll_all |
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