The article presents studying of economic interaction between an investor and trustee. Detailed research of this issue is necessary because in this case the principle of "higher price - better quality"does not work due to information asymmetry. The author offers the theoretical model, describing this interaction. The most interesting conclusion is that dependence between commission size of managing director and profitability of his strategy was negative.
Keywords: management of assets, portfolio investments, equity market, assessment of results
References:
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