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How to Get the Most From Your Money Manager

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Uploaded by on Oct 25, 2010

http://research.smeal.psu.edu Smeal's Heber Farnsworth discusses the best ways to compensate money managers through effective contract design. He addresses three potential scenarios or "worlds" that can impact the design of a contract depending on what problems arise. He also notes the importance of incorporating proper incentives and risk sharing when developing the contracts.

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