Funds of hedge funds are diversified investment vehicles that provide investors with diversification either across managers within a specific hedge fund strategy or across a wide range of hedge fund strategies. In this paper, we contrast the performance of funds of hedge funds that diversify...

PIPEs are an important source of financing for many companies, yet controversial due to their harsh contractual structures. We present a detailed study of how PIPE contracts allocate contingent cash flow rights between investor and issuer. We find that issuers advised by high-ranking...

PIPEs are an important source of financing for many companies, yet controversial due to their harsh contractual structures. We present a detailed study of how PIPE contracts allocate contingent cash flow rights between investor and issuer. We study the role of placement agents in PIPE contract...