SWFs should take lead in demanding higher investing standards
The short-term outlook of fund managers and asymmetric information between the agents and owners of capital is driving asset mispricing and harming equity returns, according to an article in the latest edition of the Central Banking Journal by Paul Woolley, senior fellow, and Dimitri Vayanos, professor of finance at the London School of Economics (LSE). The authors call on sovereign wealth funds (SWFs) to take the lead in demanding higher standards from investors.
Central to the authors'
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