Sensation seeking and hedge funds

Sensation seeking and hedge funds

We show that motivated by sensation seeking, hedge fund managers who own powerful sports cars take on more investment risk but do not deliver higher returns, resulting in lower Sharpe ratios, information ratios, and alphas. Moreover, sensation-seeking managers trade more frequently, actively, and un...

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Bibliographic Details
Main Authors: BROWN, Stephen, LU, Yan, RAY, Sugata, TEO, Song Wee Melvyn
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2018
Subjects:
Sensation seeking
Hedge funds
Sports cars
Alpha
Risk
Finance and Financial Management
Portfolio and Security Analysis
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/5965
https://ink.library.smu.edu.sg/context/lkcsb_research/article/6964/viewcontent/hedgefund_sensationIX.pdf
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/lkcsb_research/5965
https://ink.library.smu.edu.sg/context/lkcsb_research/article/6964/viewcontent/hedgefund_sensationIX.pdf

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