The Performance of Listed Hedge Fund Firms

• Main Authors: SUN, Lin, TEO, Melvyn
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2013
• Subjects: hedge funds; performance; risk; Finance and Financial Management
• Online Access: https://ink.library.smu.edu.sg/bnp_research/23; https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1020&context=bnp_research
• Institution: Singapore Management University

We examine the impact of fund management company listing on hedge fund performance. We find that hedge funds managed by listed firms underperform those managed by unlisted firms by 1.89 per annum after adjusting for risk. Using an event study framework, we show that hedge fund performance deteriorat...