The Economics of Mutual Fund Markets: Competition Versus Regulation (Rochester Studies in Managerial Economics and Policy)
Mega Sale! Save 27% on the The Economics of Mutual Fund Markets: Competition Versus Regulation (Rochester Studies in Managerial Economics and Policy) by Springer at HYIP Offer. Hurry! Limited time offer. Offer valid only while supplies last. The original impetus for this research was provided several years ago by a request to assist Counsel for Fidelity Management and Research Corporation
The original impetus for this research was provided several years ago by a request to assist Counsel for Fidelity Management and Research Corporation in analyzing the mutual fund industry, with particular emphasis on money market mutual funds. We were asked to focus our efforts on the mechanism by which the advisory fees of mutual funds are determined. This request arose out of litigation that challenged the level of advisory fees charged to the shareholders of the Fidelity Cash Reserve Fund. Subsequently, we were asked to provide similar assistance to Counsel for T. Rowe Price Associates regarding the fees charged to shareholders of their Prime Reserve Fund. 1940, advisers of Under the Investment Company Act of mutual funds have a fiduciary duty with respect to the level of fees they may charge a fund's shareholders. Since the passage of the Investment Company Act, there have been numerous lawsuits brought by shareholders alleging that advisory fees were excessive. In these lawsuits, the courts have failed to provide a set of standards for determining when such fees are excessive. Instead, they have relied on arbitrary and frequently ill-defined criteria for jUdging the reasonableness of fees. This failure to apply economic-based tests for evaluating the fee structure of mutual funds provided the motivation for the present book, which undertakes a comprehensive analysis of the economics of the mutual fund industry.
|Item Weight:||1.19 pounds|
|Item Size:||0.69 x 9.21 x 9.21 inches|
|Package Weight:||1.19 pounds|
|Package Size:||6.14 x 0.68 x 0.68 inches|
Have questions about this item, or would like to inquire about a custom or bulk order?
If you have any questions about this product by Springer, contact us by completing and submitting the form below. If you are looking for a specif part number, please include it with your message.
Related Best Sellers
By Eqis Capital Management, Inc.
ean: 9780990824916, isbn: 0990824918,
Mutual funds became popular in the 1920's as a way for smaller investors to get the benefits of having professional managers creating diversified portfolios. But even from the beginning, mutual funds had structural flaws that created disappointing l...
By Scharfman Jason
ean: 9780128014127, isbn: 0128014121,
Hedge Fund Governance: Evaluating Oversight, Independence and Conflicts summarizes the fundamental elements of hedge fund governance and principal perspectives on governance arguments. An authoritative reference on governance, it describes the tools ...
By Globe Law And Business
ean: 9781911078111, isbn: 1911078119,
Private investment funds are currently investing more capital than ever and the funds themselves are larger than ever. The industry's success comes against a backdrop of the continued fallout from the 2008 financial crisis, from evolving market tren...
The world's #1 fixed income book, now with 21 all-new chapters
The Handbook of Fixed Income Securities occupies the top spot as the most authoritative, widely read reference in the global fixed income marketplace. First published in 1983, this comp...
ean: 9780767910729, isbn: 0767910729,
By Dearborn Trade Pub
ean: 9780793159833, isbn: 0793159830,
By Brand: Kogan Page Business Books
ean: 9780749445768, isbn: 0749445769,
""This is, quite simply, the best non-technical exposition of hedge funds."" -The WealthNET...
By Palgrave Macmillan
ean: 9781137329479, isbn: 1137329475,
This book focuses on all major aspects of the asset management industry including its regulations, strategies, processes, applied technologies and risks. It provides a serious resource for readers seeking greater depth and alternative opinions on spe...
ean: 9781441901675, isbn: 1441901671,
"Closed-End Funds, Exchange-Traded Funds, and Hedge Funds: Origins, Functions, and Literature is a concise and valuable book that will be of interest to individual investors, financial professionals, and academic researchers, alike. It provides a bri...
By New York Inst of Finance
ean: 9780135034910, isbn: 0135034914,
Aimed at investors, rather than brokers, this work on closed-ends funds includes an analysis of the investment opportunities, risks and rewards of these popular traded funds. Since closed-end funds are typically bought at a discount from their actual...