Essays on asset management

Hedge funds managed by listed firms significantly underperform funds managed by unlisted firms. We argue that since the new shareholders of a listed management company typically do not invest alongside the limited partners of the funds managed, the process of going public breaks the incentive alignm...

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Bibliographic Details
Main Author: SUN, Lin
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2016
Subjects:
IPO
Online Access:https://ink.library.smu.edu.sg/etd_coll_all/34
https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1020&context=etd_coll_all
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Institution: Singapore Management University
Language: English