A 'fund of funds (FoF)' is an investment fund that invests in other investment funds rather than investing directly in shares, bonds, or other securities. Sometimes referred to as multi-manager funds, these investment funds pose 'apart from the challenges that arise for every portfolio to be...

This study investigates the determinants of the U.S. divorce rate from 1929 to 2006, with particular emphasis on explaining its surge in the mid-1960s. The main finding is that the divorce rate and female labor-force participation, or equivalently female participation in higher education, are...

In this paper, we investigate the role of educational ties in private equity. Although we cannot observe all the funds that bid for a target company, we construct the set of potential bidders based upon their size and investment cycle, as well as the location and sector of their target...