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Record W7133045566

Efficiency of market mechanisms in mutual fund trusts

2003· dissertation· W7133045566 on OpenAlexaboutno aff
Fabrice Gouriou

Bibliographic record

VenueTSpace · 2003
Typedissertation
Language
FieldSocial Sciences
TopicLegal principles and applications
Canadian institutionsnot available
Fundersnot available
KeywordsMutual fundFund administrationCorporate governanceInvestment fundSovereign wealth fundTarget date fundClosed-end fund
DOInot available

Abstract

fetched live from OpenAlex

Mutual fund governance has received a lot of attention lately, and the Canadian Securities Administrators have put forward a proposal that would implement independent governance agencies to monitor fund managers. It is argued that managers face conflicts of interests that are not solved by traditional market mechanisms. This thesis proposes to review the types of conflicts supposedly inherent to the legal structure of mutual fund trusts, and to examine whether investors can rely on market mechanisms for their protection. I will suggest that common sale practices of the industry are not necessarily impediments to market mechanisms. Rather, the problem faced by the mutual fund industry is not one of investor protection, but one of competitiveness with other financial sectors. The proposed reform will be relevant only to the extent that it deals with this latter problem.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.020
metaresearch head score (Gemma)0.083
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Observational · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.020
Threshold uncertainty score0.107

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0200.083
Meta-epidemiology (narrow)0.0000.001
Meta-epidemiology (broad)0.0010.001
Bibliometrics0.0030.002
Science and technology studies0.0030.011
Scholarly communication0.0120.018
Open science0.0020.005
Research integrity0.0040.003
Insufficient payload (model declined to judge)0.0090.001

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.031
GPT teacher head0.382
Teacher spread0.351 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designObservational
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations0
Published2003
Admission routes1
Has abstractyes

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