Hedge fund investment strategies tend to be quite different from the strategies followed by traditional money managers. Moreover, in principle every hedge fund follows its own proprietary strategy. This means that hedge funds are a very heterogeneous group. There are, however, a number of...

Sovereign Wealth Funds (SWFs‖) differ in many ways from other institutional investors in their investment activities. They have different objectives, investment processes, time horizons, risk profiles, utility preferences as well as eligible instruments. One of the more recent debates within...

In this paper we examine two closely related questions regarding hedge fund liquidity: (i) Is there a cost associated with enhanced liquidity provisions? (ii) If so, what is the main driver of this cost? To answer these questions, we conducted a series of statistical analyses upon a broad sample...