NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Trust and Delegation

Stephen Brown, William Goetzmann, Bing Liang, Christopher Schwarz

NBER Working Paper No. 15529
Issued in November 2009

---- Acknowledgements -----

We thank Mila Getmansky, Ed Kane, Bob Krause, Hossein Kazemi, and Andrew Lo and seminar participants at the Oxford-Man Institute for Quantitative Finance and Rutgers University for helpful comments. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research. We are grateful to HedgeFundDueDiligence.com for providing their data for this research (http://www.hedgefundduediligence.com/).

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