| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP8092 |
| DP8092 Investor Interest and Hedge Fund Returns | |
| [unavailable] | |
| 发表日期 | 2010-11-08 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | Employing a new dataset of over 9,000 expressed demands for over 700 hedge funds from a secondary market for hedge funds, this paper finds evidence suggesting that hedge fund investors rationally anticipate future hedge fund performance. Both buy and sell indications of interest arrive following periods of fund outperformance. Buy (sell) indications have some forecasting power for increases (decreases) in hedge fund performance, over and above other well-known forecasting variables. This information in investor demand co-exists with the presence of capacity constraints in hedge fund returns, confirming two main assumptions of Berk and Green (2004). |
| 主题 | Financial Economics |
| 关键词 | Capacity constraints Flows Hedge funds Information |
| URL | https://cepr.org/publications/dp8092 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/536952 |
| 推荐引用方式 GB/T 7714 | [unavailable]. DP8092 Investor Interest and Hedge Fund Returns. 2010. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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