The Private Use of Credit Ratings: Evidence from Investment Mandates
Ever since the global financial crisis in 2008, credit ratings have been subject to increased scrutiny.
Funds
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The Specter of the Giant Three
The world’s largest three investment managers—BlackRock, Vanguard, and State Street Global Advisors—control a large, and steadily growing
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The Costs and Benefits of Performance Fees in Mutual Funds
In this paper we study mutual funds offered for sale in Europe that charge so-called performance fees. These are fees charged on to
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Do Investors Value Sustainability? A Natural Experiment Examining Ranking and Fund Flows
As firms invest more resources in sustainable and socially responsible endeavors, it is important to know whether such investments reflec
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Career Risk and Market Discipline in Asset Management
The compensation of employees in asset management is typically much higher than that of non-finance employees with similar education, and
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Corporate Governance Matters to Fund Managers
New research findings presented at London Business School on 3 October drew a large audience of asset managers, investors, policy ad
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Hedge Fund Activism and the Revision of the Shareholder Rights Directive
This paper looks at shareholder activism from the perspective of the revision of the EU Shareholder Rights Directive, which was approved
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