We study the loosening of restrictions on the use of leverage, derivatives, and illiquid assets by mutual funds. In contrast to previous studies, we find that the allowance of these complex instruments is associated with poor performance and higher risk. The underperformance is most acute during...

An quot;officequot; can be described in terms of at least four different (but related) sets of descriptors:the physical, the social, the organizational, and the work-related. This paper focuses on work-relatedaspects of offices, and presents two measures of complexity in office work. The first...