The Liquidity Risk of Liquid Hedge Funds

The Liquidity Risk of Liquid Hedge Funds

This paper evaluates hedge funds that grant favorable redemption terms to investors. Within this group of purportedly liquid funds, high net inflow funds subsequently outperform low net inflow funds by 4.79% per year after adjusting for risk. The return impact of fund flows is stronger when funds em...

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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
Liquidity risk
Funding liquidity
Market liquidity
Redemption gates
Finance and Financial Management
Portfolio and Security Analysis
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/3080
https://ink.library.smu.edu.sg/context/lkcsb_research/article/4079/viewcontent/TeoMelvynLiquidity_paperXII.pdf
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/lkcsb_research/3080
https://ink.library.smu.edu.sg/context/lkcsb_research/article/4079/viewcontent/TeoMelvynLiquidity_paperXII.pdf

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