Finance
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- 12 Oct 1999
- Research & Ideas
Where Main Street Meets Wall Street
Its phenomenal growth, based on its near-perfect fit with consumer needs and aspirations, has made the mutual fund one of this century's big success stories. How is it adapting to the age of the Internet and 21st century change? HBS Professors Jay O. Light and Peter Tufano and three alumni take a look at the state of the mutual fund industry 75 years after its beginnings in Boston's financial district. Closed for comment; 0 Comments.

A Quantity-Driven Theory of Term Premia and Exchange Rates
This paper provides a framework for understanding how the detailed structure of financial intermediation affects foreign exchange rates.

How do Private Equity Fees Vary Across Public Pensions?
As state and local defined-benefit pensions increasingly shift capital from traditional asset classes to private-market investment vehicles, this analysis shows that public pensions investing in the same private-market fund can experience very different returns.
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Paid for Success: Options for Compensating CEOs
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