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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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2021
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| Subjects: | |
| 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 |