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:
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
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