The liquidity risk of liquid hedge funds
This paper evaluates hedge funds that grantfavorable redemption terms to investors. Within this group of purportedlyliquid funds, high net inflow funds subsequently outperform low net inflowfunds by 4.79% per year after adjusting for risk. The return impact of fundflows is stronger when funds embrac...
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2010
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| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/5326 https://ink.library.smu.edu.sg/context/lkcsb_research/article/6325/viewcontent/liquidity_paperXVI.pdf |
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| Institution: | Singapore Management University |
| Language: | English |