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Delegated Investment Management in Alternative Assets
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Delegated Investment Management in Alternative Assets (2022)Delegated Investment Management in Altern…Impact investing (2020)Impact investingThe U.S. listing gap (2016)The U.S. listing gapPrivate Equity Performance: What Do We Know? (2014)Private Equity Performance: W…Where Have All the IPOs Gone? 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The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. 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References

  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 2005Private Equity Performance: Returns, Persistence, and Capital Flows1,951 cited
  • 2007Whom You Know Matters: Venture Capital Networks and Investment Performance1,852 cited
  • 2008Presidential Address: The Cost of Active Investing862 cited
  • 2013Financialization of Commodity Markets808 cited
  • 2020Impact investing728 cited
  • 1994Robust Financial Contracting and the Role of Venture Capitalists723 cited
  • 2010The Economics of Private Equity Funds671 cited
  • 2009Information Acquisition and Under-Diversification663 cited
  • 2008Hedge Funds: Performance, Risk, and Capital Formation660 cited
  • 2009Assessing the Costs and Benefits of Brokers in the Mutual Fund Industry604 cited
  • 2014Private Equity Performance: What Do We Know?594 cited
  • 2013Where Have All the IPOs Gone?515 cited
  • 2007Smart Institutions, Foolish Choices: The Limited Partner Performance Puzzle428 cited
  • 2016The U.S. listing gap382 cited
  • 2012Competition through Commissions and Kickbacks

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