Public hedge funds

• المؤلفون الرئيسيون: SUN, Lin, TEO, Melvyn
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2018
• الموضوعات: Hedge funds; Initial Public Offering; Agency; Conflicts of interest; Short-termism; Finance and Financial Management
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/lkcsb_research/5904; https://ink.library.smu.edu.sg/context/lkcsb_research/article/6903/viewcontent/Public_hedge_funds_2018_acceptedv.pdf

Hedge funds managed by listed firms significantly under-perform funds managed by unlisted firms. The under-performance 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...