Growing the asset management franchise: Evidence from hedge fund firms
We investigate the growth strategies of hedge fund firms. We find that firms with successful first funds are able to launch follow-on funds that charge higher performance fees, set more onerous redemption terms, and attract greater inflows. While first funds outperform follow-on funds, the superior...
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| Main Authors: | , , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2013
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/5327 https://ink.library.smu.edu.sg/context/lkcsb_research/article/6326/viewcontent/hedgefund_flagshipXXV.pdf |
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| Institution: | Singapore Management University |
| Language: | English |