Strategic Interactions and Portfolio Choice in Money Management : Evidence from Colombian Pension Funds
This paper studies the portfolio choice of strategic fund managers in the presence of a peer-based underperformance penalty. Evidence is taken from the Colombian pension fund management industry, where six asset managers are in charge of portfolio...
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Language: | English en_US |
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World Bank Group, Washington, DC
2014
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Online Access: | http://documents.worldbank.org/curated/en/2014/07/19902944/strategic-interactions-portfolio-choice-money-management-evidence-colombian-pension-funds http://hdl.handle.net/10986/19382 |