Bello, Andres; Smolarski, Jan; Soydemir, Gökçe; … - In: Review of Behavioral Finance 9 (2017) 1, pp. 14-42
Purpose The purpose of this paper is to investigate to what extent hedge funds are subject to irrationality in their investment decisions. The authors advance the hypothesis that irrational behavior affects hedge fund returns despite their sophistication and active management style....