This article examines performance persistence of 773 hedge funds from the period 1990 to 2003. The sample is free of survivorship bias, backfill, and selection bias. We find evidence of managerial positive performance persistence using multi-factor models. Performance is measured by Jensen’s...

This article examines US closed-end funds using a sample of 603 closed-end funds from the period 2010 to 2020. The sample is free of survivorship bias. We find evidence of long-term managerial positive persistence. Performance is measured by Jensen’s alpha based on regression models such as...

In this article, we apply a logit and probit regression to test high water marks, incentive fees and lock-up periods of emerging hedge funds category. Emerging markets hedge funds invests primarily in countries that have a closed market economy and are in the process of developing and expanding...