Portfolio Manager Compensation in the U.S. Mutual Fund Industry

• المؤلفون الرئيسيون: Ma, Linlin, TANG, Yuehua, Gomez, Juan-Pedro
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2013
• الموضوعات: Portfolio managers; mutual funds; investment advisors; compensation; fund performance; Finance and Financial Management
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/lkcsb_research/3695; https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2024027
• المؤسسة: Singapore Management University

Using a unique hand-collected dataset of over 4,000 mutual funds, we study the compensation structures of individual portfolio managers in the U.S. mutual fund industry. About three-quarters of the portfolio managers in our sample receive performance-linked pay from investment advisors. Managers wit...