This Article analyzes the conduct of mutual funds in shareholder litigation. We begin by reviewing the basic forms of shareholder litigation and the...
We draw on new data and theory to examine how private market contracts adapt to serve multiple goals, particularly the social-benefit goals that impact...
Traditionally, fund managers cast votes on behalf of investors whose capital they manage. Recently, this system has come under intense debate given the...
The proposition that a prudent investor should be diversified is widely accepted if not incontrovertible for ordinary investors – investors who have...
We establish that the labor market helps discipline asset managers via the impact of fund liquidations on their careers. Using hand-collected data on...
We show that supply-side effects arising from the bond holdings of open-end mutual funds affect corporate credit risk. In our model, funds exposed to...
The fastest growing segment of private equity deals are secondary buyouts - sales from one PE fund to another. Using a comprehensive sample of leveraged...