Agarwal, Vikas; Boyson, Nicole M.; Naik, Narayan Y. - Institut für Finanzmarktforschung, Wirtschafts- und … - 2007
Recently there has been a rapid growth in the assets managed by hedged mutual funds - mutual funds mimicking hedge … funds. We find that despite their use of similar trading strategies, hedged mutual funds underperform hedge funds. We … attribute this evidence to lighter regulation and better incentives faced by hedge funds. In contrast, hedged mutual funds …