Limited attention, marital events and hedge funds

• المؤلفون الرئيسيون: LU, Yan, RAY, Sugata, TEO, Melvyn
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2016
• الموضوعات: Hedge funds; Limited attention; Marriage; Divorce; Disposition effect; Finance and Financial Management; Human Resources Management; Portfolio and Security Analysis
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/lkcsb_research/5073; https://ink.library.smu.edu.sg/context/lkcsb_research/article/6072/viewcontent/LimitedAttentioMaritalEventsHedgeFunds_2016.pdf
• المؤسسة: Singapore Management University

We explore the impact of limited attention by analyzing the performance of hedge fund managers who are distracted by marital events. We find that marriages and divorces are associated with significantly lower fund alpha, during the six-month period surrounding and the two-year period after the event...