We develop a new approach for evaluating performance across hedge funds. Our approach allows for performance … decrease in performance with a new model formed with alternative factors that capture variance, correlation, liquidity, betting …

particular, investor flows are highly sensitive to performance streaks despite their limited predictive power regarding fund … performance. Further, allocations based on forecast models' out-of-sample predictions beat investor allocations by a significant …

degree of cross sectional performance of mutual funds and secondly the cumulative effect of combining Best Fit Index and …

Mutual fund manager excess performance should be measured relative to their self-reported benchmark rather than the … measurement of stock selection and timing components of excess performance. We revisit baseline empirical evidence fund … performance evaluation utilizing stock selection and timing measures that incorporate the self-reported benchmark. We introduce a …