Huang, Jing-Zhi; Wang, Ying - In: Journal of Financial Intermediation 22 (2013) 3, pp. 482-512
-like equity mutual funds, including 130/30, market neutral, and long/short equity funds. We find that based on the information … ratio, all market neutral funds, top 90% of long/short funds, and top 25% of 130/30 funds outperform a long-only passive …