This paper by New York University’s Jonas Prager outlines the major changes in the financial structure as well as the focal events that characterised the 2007-2008 global financial crisis and considers the evidence for the crucial role played by misaligned incentives.
Misaligned incentives, bank mismanagement, and troubling policy implications
banks, financial crisis, Goldman Sachs, incentives, misalignment, New York University, short termism
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The optimal asset allocation for Sovereign Wealth Funds is a state-dependent allocation to three building blocks: a performance-seeking portfolio, an endowment-hedging portfolio, and a liability-hedging portfolio, according to research conducted by the EDHEC-Risk Institute. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
The $109 billion Florida Retirement System Pension Plan remains in its rosy position as one of the US’ best performing funds, exercising its scale to effect with a total expense ratio of 32 basis points for the financial year 2009-10.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
November 2010 In the first of a (brief) monthly video address editor of conexust1f.flywheelstaging.com, Amanda White, observes the common challenges facing institutional investors around the globe.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
A group of more than 250 institutional investors has damned individual country national policies, particularly highlighting inadequacies in the US, as preventing more private capital flowing into climate change-related investments. The collaborative stance comes ahead of the United Nations Climate Change Conference in Cancun, Mexico.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
Reflecting on 40 years in the investment industry, founder of Ennis Knupp & Associates and executive editor of the FAJ, Richard Ennis, tells Amanda White why the investment consulting industry is at risk of becoming a distribution arm for the money management industry.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
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