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Weak relationship between pay and performance

A new article by Markus Ibert, PhD student at Stockholm School of Economics, Roine Vestman, visiting Research Fellow at Swedish House of Finance, Stijn Van Nieuwerburgh, New York University and affiliated Research Fellow at Swedish House of Finance and Ron Kaniel of Rochester University using publicly available tax returns of mutual fund managers studies how and for what they are paid. The article was recently discussed by Reuters columnist James Saft. Read more here: http://www.reuters.com/article/us-markets-saft-idUSKBN1685IW

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