Delegated portfolio management

DOI10.1016/0022-0531(85)90076-6MaRDI QIDQ1083347zbMATH OpenOpenAlexFDO

Authors Sudipto Bhattacharya, Paul Pfleiderer

Publication date 1985

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/0022-0531(85)90076-6

zbMATH Keywords

approximately optimal solutiondelegated portfolio managementlarge principalsrisk averse agents

Mathematics Subject Classification ID

Portfolio theory (91G10)

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Cites work

• Elicitation of Personal Probabilities and Expectations
• scientific article; zbMATH DE number 3068103 (Why is no real title available?)
• Incentive Compatibility and the Bargaining Problem
• Managerial Incentive Problems: A Dynamic Perspective
• Selling to risk averse buyers with unobservable tastes

Cited in

(22)

• A monopolistic market for information
• The principal/agent paradigm: Its relevance to various functional fields
• Multi-period information markets
• Screening of possibly incompetent agents
• Delegated portfolio management under ambiguity aversion
• Optimism bias, portfolio delegation, and economic welfare
• Reward schemes
• Asset pricing under optimal contracts
• Contracting to compete for flows
• Transferable deposits as a screening mechanism
• A cooperative bargaining framework for decentralized portfolio optimization
• Optimal portfolio with power utility of absolute and relative wealth
• The possibility of informationally efficient markets
• Reservation wage and optimal contract for experts
• Management compensation and market timing under portfolio constraints
• Preferences and beliefs in a sequential social dilemma: a within-subjects analysis
• Static and dynamic VaR constrained portfolios with application to delegated portfolio management
• Belief elicitation in experiments: Is there a hedging problem?
• Optimal fund menus
• Corporate portfolio management
• How nonlinear benchmark in delegation contract can affect asset price and price informativeness
• Information acquisition and mutual funds

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