Public hedge funds

Hedge funds managed by listed firms significantly underperform funds managed by unlisted firms. The underperformance is more severe for funds with low manager deltas, poor governance, and no manager co-investment, or managed by firms whose prices are sensitive to earnings news. Notwithstanding the u...

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Bibliographic Details
Main Authors: SUN, Lin, TEO, Melvyn
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2016
Subjects:
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/5220
https://ink.library.smu.edu.sg/context/lkcsb_research/article/6219/viewcontent/SSRN_id2883416.pdf
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Institution: Singapore Management University
Language: English