The economics of hedge fund startups: Theory and empirical evidence

The economics of hedge fund startups: Theory and empirical evidence

This paper examines how market frictions influence the managerial incentives and organizational structure of new hedge funds. We develop a stylized model in which new managers search for accredited investors and have stronger incentives to acquire managerial skill when encountering low investor dema...

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Bibliographic Details
Main Authors: CAO, Charles, FARNSWORTH, Grant, ZHANG, Hong
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2021
Subjects:
Finance
Finance and Financial Management
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/7056
https://ink.library.smu.edu.sg/context/lkcsb_research/article/8055/viewcontent/The_Journal_of_Finance___2021___CAO___The_Economics_of_Hedge_Fund_Startups_Theory_and_Empirical_Evidence.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/lkcsb_research/7056
https://ink.library.smu.edu.sg/context/lkcsb_research/article/8055/viewcontent/The_Journal_of_Finance___2021___CAO___The_Economics_of_Hedge_Fund_Startups_Theory_and_Empirical_Evidence.pdf

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