Diverse hedge funds

• Main Authors: LU, Yan, NAIK, Narayan Y., TEO, Melvyn
• 格式: text
• 語言: English
• 出版: Institutional Knowledge at Singapore Management University 2024
• 主題: Capacity constraints; gender diversity; performance; risk patterns; returns; persistence; managers; heteroskedasticity; friendship; Finance and Financial Management; Portfolio and Security Analysis
• 在線閱讀: https://ink.library.smu.edu.sg/lkcsb_research/7267; https://ink.library.smu.edu.sg/context/lkcsb_research/article/8266/viewcontent/hhad064_pvoa_cc_by.pdf

Hedge fund teams with heterogeneous educational backgrounds, academic specializations, work experiences, genders, and races, outperform homogeneous teams after adjusting for risk and fund characteristics. An event study of manager team transitions, instrumental variable regressions, and an analysis...