Showing 1 - 4 of 4
Persistent link: https://www.econbiz.de/10002559040
Persistent link: https://www.econbiz.de/10010237136
In this paper, we rationalize the persistent abnormal performance of hedge funds. We show how the commitment to deliver an absolute return, the decreasing returns to scale to which hedge fund strategies are subject, and the performance-linked compensation combine with the incomeaximizing...
Persistent link: https://www.econbiz.de/10013090324