Diseconomies of Scale in the Hedge Fund Industry
How does fund size impact fund performance in the hedge fund industry? We find unsurprisingly that fund size crimps both raw and risk-adjusted fund returns for the average hedge fund. An increase in fund assets under management from US$20m to US$1bn decreases fund alpha by 2.04 percent per year. How...
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2012
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| Online Access: | https://ink.library.smu.edu.sg/bnp_research/21 https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1022&context=bnp_research |
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| Institution: | Singapore Management University |
| Language: | English |