Asset Gathering by Hedge Fund Firms

Asset Gathering by Hedge Fund Firms

We explore agency issues within hedge fund firms. We find that firms that launch many funds tend to underperform other firms by between 3 to 5 percent per year after adjusting for risk. These findings are strongest for firms offering funds that pursue many distinct strategies, invest in a variety of...

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Bibliographic Details
Main Author: TEO, Melvyn
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2011
Subjects:
hedge funds
agencies
investment strategies
assets
Finance and Financial Management
Online Access:https://ink.library.smu.edu.sg/bnp_research/27
https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1026&context=bnp_research
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/bnp_research/27
https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1026&context=bnp_research

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