Hedge fund franchises

• Main Authors: FUNG, William, HSIEH, David, NAIK, Narayan Y., TEO, Melvyn
• 格式: text
• 語言: English
• 出版: Institutional Knowledge at Singapore Management University 2017
• 主題: hedge funds; first funds; follow-on funds; spillover; agency problems; Finance and Financial Management; Portfolio and Security Analysis
• 在線閱讀: https://ink.library.smu.edu.sg/lkcsb_research/5896; https://ink.library.smu.edu.sg/context/lkcsb_research/article/6895/viewcontent/Hedge_Fund_Franchises_2017_wp.pdf
• 機構: Singapore Management University

Duplicate, see https://ink.library.smu.edu.sg/lkcsb_research/5964/. 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...