The agency problems that pervade delegated investment management are exacerbated when investing for the long term, where the payoff is distant and often highly uncertain. These conditions compound the difficulty of aligning and monitoring the agents (managers) responsible for making investment decisions, particularly across multi-layered investment organizations. Problems arise from differences in investment horizons; the...

This report explores the perceptions of wealth inequality in Australian society and the the actual divide in wealth between richest and poorest. A collaboration between Empirca Research and Harvard Business School, the research shows that Australians dramatically underestimate the degree of wealth inequality in our society. Furthermore, when asked what they believed the minimum was...