Applying previous theoretical predictions on herding and market signals, we examine mutual fund herding from a … measure fund herding using cosine similarity of liquidity-adjusted trades and classify funds into five groups with … Independents in the middle. Not all herders are the same as funds with different herding tendencies vary significantly in …

This study investigates the role of financial market uncertainty in institutional herding and its impact on stock … prices. We show that financial market uncertainty is a determinant of institutional herding. Fund managers tend to follow the … trades of other managers more frequently during high uncertainty periods than low uncertainty periods. We find that herding …

Vietnam. This study investigates risk perception, expected return and herding behavior, and other determinants such as …

dramatically for six out of ten hedge fund style-based portfolios once we account for liquidity risk. Hence, for most hedge fund …