Advertisement

Theory of Fund Investments

  • Daniel Hobohm

Abstract

This chapter aims to place the asset class private equity in the framework of principal-agent theory. Section 2.1 develops a generic theory of fund investments. Key corollaries of this theory are that investors must take special care to a) choose funds in accordance with their risk-sharing preferences, and b) then to select funds out of a group of possible alternatives. In section 2.2, existing empirical research is examined in light of this proposition, before the chapter is concluded in section 2.3.

Keywords

Venture Capital Pension Fund Private Equity Fund Investment 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.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© Gabler | GWV Fachverlage GmbH 2010

Authors and Affiliations

  • Daniel Hobohm

There are no affiliations available

Personalised recommendations