Hedge fund managers differ in ability and investors want to distinguish good ones from bad. Via the design of their investment strategies, better fund managers want to ease this inference problem while worse fund managers want to complicate it. We impose only the minimal restrictions on the...

IFF (formerly Illinois Facilities Fund) became a regional community development financial institution (CDFI) in 2007, extending its reach beyond Illinois to include Iowa, Missouri, and Wisconsin. This year, the expansion has continued into Indiana. In January 2008, IFF added a new office in St....

Purpose – It has been observed that the practices of corporate governance in Islamic financial institutions (IFIs) do not sufficiently address the rights of unrestricted investment account holders (UIAHs). Given that such account holders are generally the ones who bear the risk of the...

Hedge fund managers differ in ability and investors want to distinguish good ones from bad. Via the design of their investment strategies, better fund managers want to ease this inference problem while worse fund managers want to complicate it. We impose only the minimal restrictions on the...

The Revenue Reconciliation Act of 1993, implemented since 1 January 1994, facilitates the increase of institutional investment in the real estate investment trust (REIT) market. Utilizing this particular feature in the market, we examine the time‐series effect of institutional holdings to...

Purpose – This paper aims to examine the reasons for the rise and fall of the UK high street shop as an investment class for financial institutions. Design/methodology/approach – The paper begins by tracing the scale of investment by financial institutions in shops and the reasons for their...