Market Conditions and Fund Flows: Evidence from Hedge Funds

This paper investigates whether market conditions affect fund investor behaviour in the hedge fund industry, especially the volatility in the up and down markets. Using a sample of 5,254 individual hedge funds from January 1994 to December 2009, we find that hedge fund investors tend to invest less...

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Bibliographic Details
Main Authors: Chou, Wen-Hsiu, Ke, Dongmin, Xu, Danielle
Format: Article
Language:English
Published: Universiti Utara Malaysia Press 2013
Subjects:
Online Access:http://repo.uum.edu.my/24979/1/IJBF%2010%201%202013%201%2033.pdf
http://repo.uum.edu.my/24979/
http://ijbf.uum.edu.my/index.php/previous-issues/149-the-international-journal-of-banking-and-finance-ijbf-vol-10-no-1-march-2013
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Institution: Universiti Utara Malaysia
Language: English