Hedge fund franchises

Hedge fund franchises

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. Motivated by the aforementioned spillover effects, first fu...

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Bibliographic Details
Main Authors: FUNG, William, HSIEH, David, NAIK, Narayan, TEO, Melvyn
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2021
Subjects:
hedge funds
franchises
multiple product firms
agency problems
spillovers
Finance and Financial Management
Portfolio and Security Analysis
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/5964
https://ink.library.smu.edu.sg/context/lkcsb_research/article/6963/viewcontent/HedgeFundFranchises_mnsc_pv_oa.pdf
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/lkcsb_research/5964
https://ink.library.smu.edu.sg/context/lkcsb_research/article/6963/viewcontent/HedgeFundFranchises_mnsc_pv_oa.pdf

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