Showing 1 - 10 of 25
Persistent link: https://www.econbiz.de/10013480570
Persistent link: https://www.econbiz.de/10008729115
"Since the after-fee returns of funds-of-funds are, on average, lower than hedge fund returns, it is easy to conclude that funds-of-funds do not add value compared to hedge funds. However, funds-of-funds should not be evaluated relative to hedge fund returns in publicly reported databases....
Persistent link: https://www.econbiz.de/10003693434
Persistent link: https://www.econbiz.de/10003391755
Persistent link: https://www.econbiz.de/10003964911
Persistent link: https://www.econbiz.de/10010246277
Persistent link: https://www.econbiz.de/10002878239
Persistent link: https://www.econbiz.de/10001632872
Persistent link: https://www.econbiz.de/10001493702
Hedge funds often impose lockups and notice periods to limit the ability of investors to withdraw capital. We model the investor's decision to withdraw capital as a real option and treat lockups and notice periods as exercise restrictions. Our methodology incorporates time-varying probabilities...
Persistent link: https://www.econbiz.de/10013113806