Agarwal, Vikas; Boyson, Nicole M.; Naik, Narayan Y. - In: Journal of Financial and Quantitative Analysis 44 (2009) 02, pp. 273-305
Recently, there has been rapid growth in the assets managed by “hedged mutual funds”—mutual funds mimicking hedge fund strategies. We examine the performance of these funds relative to hedge funds and traditional mutual funds. Despite using similar trading strategies, hedged mutual funds...