Research and publications
Competition in Portfolio Management: Theory and Experiment
The authors develop a new theory of delegated investment whereby managers compete in terms of composition of the portfolios they promise to acquire. They study the resulting asset pricing in the inter-manager market.
Author(s):
Elena Asparouhova, Peter Bossaerts, Jernej Copic, Brad Cornell, Jaksa Cvitanic, Debrah Meloso
Summary:
The authors develop a new theory of delegated investment whereby managers compete in terms of composition of the portfolios they promise to acquire. They study the resulting asset pricing in the inter-manager market.
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Register/Log in| Type : | Working paper |
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| Date : | 22/12/2011 |
| Keywords : |
Portfolio Management |
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