Clare, Andrew D.; Cuthbertson, Keith; Nitzsche, Dirk; … - 2008
investment vehicles which are provided by a large number of fund management
groups. In this paper we test whether the managers … with respect to this aspect of the investment management
industry have been conducted. Given the importance of the UK … fact that fees were paid on the basis of assets under management
rather than on performance. Perhaps their most damning …