, we find that the performance measures for an equally weighted portfolio of procyclical timing funds are greater than for …

discovery rate to assess the alpha-performance of individual funds with both domestic and other mandates, using self …: there is some positive-alpha performance when post-formation returns are evaluated using a one-factor global model but … substantial positive-alpha performance when using a four-factor global model. …

performance of hedge funds both in the cross-section and over time. We measure uncertainty about volatility of the market …-taking incentives arising from performance-based compensation of hedge funds. …

investor groups contribute to the negative performance externality from large outflows. Investment funds, as holders of mutual …-sophisticated ones, are the main receivers. These differences are due to investment funds reacting more strongly on past performance and …

obtain strong effects of liquidity on optimal portfolio selection. In particular, portfolio performance, measured by the … for liquidity, the performance of optimal portfolios is relatively more favorable. However, it is also the case that …

performance of hedge funds both in the cross-section and over time. We measure uncertainty about volatility of the market …-taking incentives arising from performance-based compensation of hedge funds. …

the performance of hedge funds both in the cross-section and over time. We measure uncertainty via volatility of aggregate …

investor groups contribute to the negative performance externality from large outflows. Investment funds, as holders of mutual …-sophisticated ones, are the main receivers. These differences are due to investment funds reacting more strongly on past performance and …