Fund managers are paid a fixed management fee in proportion to their assets under management. This means to maximize … both a 2 percent management fee and a large incentive fee of 20 percent of the profits they provide a unique opportunity to … management fees. We find that total fee revenue continues to increase as assets under management increase for the largest …

, socially responsible investments place expectations on SRI fund managers, that manifest in different risk management and agency … different risk management approaches to that of CFs. We find SRFs perform better and exhibit significantly less agency behaviour …