Introduction to Mutual Funds

Overview by Sudipto Bhattacharya

London School of Economics

7. Performance Measurement and Evaluation 191

Bruce Lehmann (UCSD) and Allan Timmermann (UCSD)

8. The Behavior of Mutual Fund Investors 259

Lu Zheng (UCI)

9. Incentives in Funds Management: A Literature Overview 285

Sudipto Bhattacharya (LSE), Amil Dasgupta (LSE), Alexander Guembel (Oxford), and Andrea Prat (LSE)

Mutual funds play a very visible and growing role in financial markets. The proliferation of mutual funds is part of a more general trend involving a growing importance of institutional investors. Total assets under management in the U.S. market have evolved from $50 billion and 500 funds in 1975 to $10 trillion and 9,000 mutual funds being ...

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