In large part, the form of investment advisers' compensation contracts is imposed by the Securities and Exchange Commission. Given these contractual forms, this

The financial markets have become more and more important in modern society. The behavior of the financial markets, and its impacts on our society, relies cruci

Mutual funds are the dominant form of investment companies in the United States today, with approximately $7 trillion in assets under management. Over the past

A presentation of classical asset pricing theory, this textbook is the only one to address the economic foundations of financial markets theory from a mathemati