Why constrain your mutual fund manager?
Article Abstract:
Investment policy restrictions are commonplace among the interactions between mutual fund portfolio managers and their investors. A large sample of domestic equity mutual funds from 1994 to 2000 is taken to demonstrate the restriction adoption practices and the significant variance in them across the funds and the changing levels of constraint in the industry are analyzed.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 2004
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Performance fee contract change and mutual fund risk
Article Abstract:
A study of the effect of governmentally imposed restrictions on performance fee schedules on managerial decisions on mutual funds and how it results in the loss of shareholders and assets is presented.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 2004
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Share restrictions and asset pricing: evidence from the hedge fund industry
Article Abstract:
With reference to the hedge fund industry, the impact of hedge fund returns and share restrictions on the performance and liquidity of these funds is analyzed.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 2007
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