Kumar, Niessen-Ruenzi, and Spalt argue that U.S. investors irrationally discriminate against mutual fund managers with … foreign-sounding names. They report that managers with foreign-sounding names attract less annual investor flows, experience …

This paper finds that fund managers do not expect mean reverting returns, as suggested by theory and empirical evidence …

This study examines whether the standard compensation contract in the hedge fund industry aligns managers' incentives … with investors' interests. I show empirically that managers' compensation increases when fund assets grow, even when … diseconomies of scale in fund performance exist. Thus, managers' compensation is maximized at a much larger fund size than is …

decrease in convexity of the relationship is associated with a decrease in managers' risk shifting. Low-performers undertake …

the professional competition between fund managers as a practical example. To explore how different settings of … model is developed. Using a simple genetic algorithm, two attributes of virtual fund managers evolve: the amount of capital … does not necessarily select managers with efficient portfolios. These results underline the institutional need to create a …

evidence showing that this is likely the result of agency problems among fund managers taking side payments (bribes) from non …