The Investment Strategies of Sovereign Wealth Funds

Sovereign wealth funds have emerged as major investors in corporate and real resources worldwide. After an overview of their magnitude, we consider the institutional arrangements under which many of the sovereign wealth funds operate. We focus on a specific set of agency problems that is of first-or...

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Bibliographic Details
Main Authors: Bernstein, Shai, Lerner, Josh, Schoar, Antoinette
Other Authors: Sloan School of Management
Format: Article
Language:en_US
Published: American Economic Association 2015
Online Access:http://hdl.handle.net/1721.1/99146
https://orcid.org/0000-0002-3658-9131