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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Bibliographic Details
Main Author: Pedraza Morales, Alvaro
Language:English
en_US
Published: World Bank Group, Washington, DC 2014
Subjects:
BPS
CEO
S&P
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