Cici, Gjergji; Gibson, Scott; Moussawi, Rabih - In: Journal of Financial Intermediation 19 (2010) 2, pp. 169-187
This study examines the performance of mutual funds managed by firms that simultaneously manage hedge funds. We find that the reported returns of mutual funds in these "side-by-side" associations with hedge funds significantly underperformed those of mutual funds that shared similar fund and...