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This paper examines the causes and consequences of hedge fund investments in exchange traded funds (ETFs) using U.S. data from 1998 to 2018. The data indicate that transient hedge funds and quasi-indexer hedge funds are substantially more likely to invest in ETFs. Unexpected hedge fund inflows...
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managers maximise their personal utility rather than the market value of equity. Their hedging strategy, therefore, is … faithfully communicate the firm's true probability of default, his hedging strategy will focus on the market value of debt and …Finance theory does not provide a comprehensive framework for explaining risk management within the imperfect financial …
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managers maximise their personal utility rather than the market value of equity. Their hedging strategy, therefore, is … faithfully communicate the firm's true probability of default, his hedging strategy will focus on the market value of debt and …Finance theory does not provide a comprehensive framework for explaining risk management within the imperfect financial …
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