...Nicolas P.B. Bollen; Juha Joenväärä; Mikko Kauppila This paper successfully replicates Kosowski, Naik and Teo (2007) and Jagannathan, Malakhov and Novikov (2010), two seminal studies of hedge fund performance persistence. The authors show that top funds continue to persist in a more recent sample...

...Sven Klingler I show that hedge funds with a high exposure to market-wide funding shocks—measured by changes in Libor-OIS spreads—subsequently underperform funds with a low exposure to market-wide funding shocks by 5.76% annually on a risk-adjusted basis (t = 4.04). To explain...

..., Marie Dutordoir, and Chris Veld Licensed re-use rights only Convertible debt Interviews Market misvaluation Investor demand Hedge funds Investment banks G32 G13 G24 Convertible bonds are an important security class. U.S. corporations raised $801 billion in convertibles from...

...Marshall E. Blume; Donald B. Keim We document that institutional investors, particularly hedge funds, decreased their holdings of larger stocks from 1980 to 2010 and increased their holdings of smaller stocks. Since 1990 institutions have underweighted, relative to market weights, those stocks...