ability by fund managers around market crisis periods. Studying the behavior of individual fund managers, we show that at the … markets, and that a significant number of managers behave more conservatively when the market return is expected to be far …

by hedge fund managers. Three quarters of hedge funds shifted their investment styles at least once over the period from …-looking. Instead, we show evidence that managers of style-shifting funds exhibit both style-timing ability and the skill of generating …

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 …