Mutual funds withdraw shield: performance or agency costs driver?
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Regarding identification, we need to differentiate between Business Angels and the wider informal
investment market. Informal investment describes non-institutional risk capital investments in
unquoted businesses, including Business Angel investments, investments by family offices, and also
the category of investments made by family and friends. The latter two categories are often not
commercially oriented. However, matters are complicated by the definition of ‘friends’ – social, as
well as business networks are sources used to identify potential investment opportunities. ...
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Mutual funds withdraw shield: performance or agency costs driver?
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Mutual funds withdraw shield: performance or agency costs driver?
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