Hedge fund managers are compensated via management fees on the assets under management (AUM) and incentive fees indexed …

methodology to measure crowded trades and apply it to professional currency managers. Our results suggest that carry became a … assets - among hedge funds. Further research in this area might be very relevant for investors, managers and regulators …

Mutual fund managers can outperform the market by picking stocks or timing the market successfully. Previous work has … picking skills and little evidence of timing skills among successful managers. This paper estimates skill separately in booms … and recessions and finds that the extent to which managers focus on stock picking or market timing fluctuates with the …

This paper examines the effect of the benefits of corporate control to managers on the relationship between managerial … the acquiring firm increases, the interests of managers are more closely aligned with those of shareholders, reducing the … acquisition premium. At sufficiently high levels of managerial ownership, managers value a reduction in the risk of their …