Strategic Interactions and Portfolio Choice in Money Management : Evidence from Colombian Pension Funds

Strategic Interactions and Portfolio Choice in Money Management : Evidence from Colombian Pension Funds

This paper studies the portfolio choice of strategic fund managers in the presence of a peer-based underperformance penalty. Evidence is taken from the Colombian pension fund management industry, where six asset managers are in charge of portfolio...

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Bibliographic Details
Main Author: Pedraza Morales, Alvaro
Format: Policy Research Working Paper
Language:English
en_US
Published: World Bank Group, Washington, DC 2014
Subjects:
ACCOUNTING
AGGREGATE FUND
ASSET ALLOCATION
ASSET CLASSES
ASSET MANAGEMENT
ASSET MANAGEMENT INDUSTRY
ASSET MANAGERS
ASSET PRICE
ASSET PRICING
ASSETS UNDER MANAGEMENT
BANKRUPTCY
BEHAVIOR OF MANAGERS
BENCHMARKS
BPS
CAPTIVE MARKET
CEO
CONFIDENCE INTERVAL
CONFIDENCE INTERVALS
DEVELOPMENT BANK
DOMESTIC CAPITAL
DOMESTIC CAPITAL MARKET
DOMESTIC CORPORATE DEBT
DOMESTIC MARKET
DOMESTIC STOCK
DOMESTIC STOCKS
DUMMY VARIABLE
EQUITY MUTUAL FUNDS
EQUITY SECURITIES
EXCESS PERFORMANCE
EXPOSURE
FEDERAL RESERVE
FEDERAL RESERVE BANK
FINANCIAL MARKETS
FINANCIAL PERFORMANCE
FINANCIAL SERVICES
FINANCIAL STUDIES
FLOWS
FUND FAMILIES
FUND HOLDINGS
FUND MANAGEMENT
FUND MANAGER
FUND MANAGERS
FUND SHARE
GOVERNMENT DEBT
HEDGE FUND
HEDGE FUND INDUSTRY
HEDGE FUNDS
HOLDING
INDIVIDUAL ACCOUNTS
INDIVIDUAL FUND
INDIVIDUAL FUND RETURNS
INDIVIDUAL RETIREMENT
INDIVIDUAL RETIREMENT ACCOUNTS
INDIVIDUAL SECURITIES
INDIVIDUAL STOCK
INDIVIDUAL STOCKS
INSTITUTIONAL INVESTORS
INTERNATIONAL BANK
INVESTMENT BEHAVIOR
INVESTMENT DECISION
INVESTMENT STRATEGIES
INVESTMENT STRATEGY
LIQUIDITY
MARKET BENCHMARK
MARKET CAPITALIZATION
MARKET INDEX
MARKET PORTFOLIO
MARKET RETURNS
MOMENTUM INVESTMENT STRATEGIES
MOMENTUM STRATEGIES
MOMENTUM TRADING
MONEY MANAGEMENT
MONEY MANAGERS
MUTUAL FUND
MUTUAL FUND BEHAVIOR
MUTUAL FUND HERDING
MUTUAL FUND INDUSTRY
MUTUAL FUND MANAGERS
MUTUAL FUND PERFORMANCE
MUTUAL FUNDS
MUTUAL-FUND
MUTUAL-FUND FAMILIES
NUMBER OF SHARES
OPTIMAL PORTFOLIO
OVERALL PORTFOLIO
PASSIVE PORTFOLIO
PENSION
PENSION FUND
PENSION FUND INVESTMENT
PENSION FUND MANAGERS
PENSION FUNDS
PENSION SYSTEM
PENSION SYSTEMS
PENSIONS
PERFORMANCE FEES
POLITICAL ECONOMY
PORTFOLIO
PORTFOLIO ALLOCATION
PORTFOLIO CHANGE
PORTFOLIO CHOICE
PORTFOLIO CHOICES
PORTFOLIO COMPOSITION
PORTFOLIO HOLDING
PORTFOLIO HOLDINGS
PORTFOLIO MANAGEMENT
PORTFOLIO MANAGERS
PORTFOLIO OF FUND
PORTFOLIO PERFORMANCE
PORTFOLIO RETURNS
PORTFOLIO STRATEGIES
PORTFOLIO WEIGHT
PORTFOLIO WEIGHTS
PORTFOLIOS
PRICE CHANGES
PRIVATE PENSION
PRIVATE SECTOR DEVELOPMENT
PROFESSIONAL INVESTORS
PURCHASING
RATE OF RETURN
REGULATORY CONSTRAINTS
RETIREMENT SAVINGS
RETURN
RETURNS
RISK TAKING
S&P
SALES
SAVINGS
SECURITIES
SHARE OF ASSETS
SHARE OF STOCK
SHORT SELLING
SMALL FUND
STOCK CHARACTERISTICS
STOCK INDEX
STOCK MARKET
STOCK OWNERSHIP
STOCK PRICE
STOCK PRICES
STOCK RETURNS
STOCK SPLITS
STOCK TRADES
STOCK WEIGHTS
STOCKS
SUCCESS FEES
TIME DUMMY
TRADING
TRADING ACTIVITY
TRADING VOLUME
VALUE OF ASSETS
WINDOW DRESSING
Online Access:http://documents.worldbank.org/curated/en/2014/07/19902944/strategic-interactions-portfolio-choice-money-management-evidence-colombian-pension-funds
http://hdl.handle.net/10986/19382

Internet

http://documents.worldbank.org/curated/en/2014/07/19902944/strategic-interactions-portfolio-choice-money-management-evidence-colombian-pension-funds
http://hdl.handle.net/10986/19382

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