Hedge funds and their prime broker analysts

Are sell-side analysts reluctant to go against the investment views of their hedge funds when these hedge funds are their prime brokerage clients? We show that prime broker analysts tend to upgrade stocks recently bought by their clients. For stocks with upgraded recommendations, post-announcement c...

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Bibliographic Details
Main Authors: CHUNG, Sung Gon, KULCHANIA, Manoj, TEO, Melvyn
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2021
Subjects:
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/6678
https://ink.library.smu.edu.sg/context/lkcsb_research/article/7677/viewcontent/Hedge_funds_and_their_prime_broker_analysts_sv.pdf
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Institution: Singapore Management University
Language: English