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Mutual Fund Agency Conflicts

36 Pages Posted: 21 Mar 2012 Last revised: 14 Oct 2012

John A. Haslem

University of Maryland - Robert H. Smith School of Business

Multiple version iconThere are 2 versions of this paper

Date Written: July 16, 2012


The purpose of this study is to discuss various types of agency conflicts that negatively impact mutual fund shareholder interests. In so doing, shareholders should get an improved understanding of conflicts that place them at such a disadvantage in fund investing.

Many fund advisers are motivated to use each available agency conflict to their advantage. But, even if not, conflicts in the Investment Company Act of 1940, adverse court decisions, and the 2003 fund scandal have done quite enough harm to shareholders. Also, several major findings of fund agency conflicts with shareholders are discussed.

Keywords: mutual funds, agency conflicts, ICA, shareholder interests, in-depth findings

JEL Classification: G2, G23, G28

Suggested Citation

Haslem, John A., Mutual Fund Agency Conflicts (July 16, 2012). Available at SSRN: or

John A. Haslem (Contact Author)

University of Maryland - Robert H. Smith School of Business ( email )

College Park, MD 20742
United States
202-387 2025 (Phone)

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