Limited Attention, Marital Events, and Hedge Funds

• Main Authors: LU, Yan, RAY, Sugata, TEO, Melvyn
• 格式: text
• 語言: English
• 出版: Institutional Knowledge at Singapore Management University 2015
• 主題: Finance and Financial Management; Portfolio and Security Analysis
• 在線閱讀: https://ink.library.smu.edu.sg/lkcsb_research/4723; https://ink.library.smu.edu.sg/context/lkcsb_research/article/5722/viewcontent/hedgefund_marriageXI.pdf

We explore the impact of limited attention on investment performance by analyzing the returns of hedge fund managers who are distracted by personal events such as marriage and divorce. We find that marriages and divorces are associated with significantly lower fund alpha, during the six-month period...