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Abstract

Little is known about the heterogeneity in investment strategies and success across different investor types. Since investor types, e.g. endowments, insurances or asset managers, differ in their economic role, one may expect them to differ in the way they participate in international investment markets. As investment intermediaries for their clients, they may also be differentially subject to information asymmetries. Shleifer and Vishny (1997) argue that such information asymmetries create limits to arbitrage, which in turn affects portfolio strategies and success from investing. Other differences that could affect investment choices are country-specific legislation, organizational structure, and investment objectives.

Keywords

Venture Capital Private Equity Asset Class Venture Capital Investor Venture Capital Fund 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Gabler | GWV Fachverlage GmbH 2010

Authors and Affiliations

  • Daniel Hobohm

There are no affiliations available

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