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Reason, Rationality and Fiduciary Duty

Winner of the 2012 IRRC Foundation prize for practitioner research on post-Modern Portfolio Theory development

The concept of fiduciary duty sits at the confluence of two powerful streams of Western intellectual thought, the legal and the economic: the legal because fiduciaries are managing the assets of others whose interests the law seeks to protect; the economic because fiduciaries assume the role of investors in the marketplace in managing these assets...

Read the paper at IRRC Institute.