Purpose: The purpose of the paper is to examine the relationship between litigation risk and payout policy. Design/methodology/approach: The authors employ various regression techniques including probit, logit and tobit regression methodologies to study the relationship between litigation risk...

Hedged ETFs provide individual investors with the opportunity to invest in ETFs that follow strategies similar to those of hedge funds and seek returns uncorrelated with the market. In this paper I analyze the performance for 6 different categories of 49 Hedged ETFs and 539 Hedged Mutual Funds...