1. Does It All Add Up? Benchmarks and the Compensation of Active Portfolio Managers
2. Churning Bubbles
3. Why constrain your mutual fund manager?
4. N. Arora, and H. Ou-Yang (2001 )Explicit and implicit incentives in a delegated portfolio management problem: theory and evidence , Working Paper.
5. Bank for International Settlements (2003 )Incentive structures in institutional asset management and their implications for financial markets , report submitted by a Working Group established by the Committee on the Global Financial System.