This paper provides the first systematic analysis of performance patterns for emerging funds
and managers in the hedge fund industry. Emerging funds and managers have particularly …

This study constructs a theoretical model to address how stochastic investor sentiment
affects investor's crowdedness, and how stochastic investor sentiment and crowdedness …

This article is the first to use quantile regression to analyze the impact of experience and
size of funds of hedge funds (FHFs) on performance. In comparison to OLS regression …

Some observers believe, for various reasons, that the existence of a so-called “sec-ondary
market”-that is, the life settlement industry-for life insurance policies may, in and ofitself, be a …

This thesis comprises three essays on mutual fund performance which provide new insights
into different aspects of the mutual fund industry. The first essay examines the relationship …

Abstract Machine learning and artificial intelligence have evolved beyond simple hype and
have integrated themselves in business and in popular conversation as an increasing …

Capacity measures how much can be invested in a strategy before declining expected
returns make competing strategies look more attractive. Existing approaches for measuring …

This paper analyzes the supply and demand for alpha by institutional investors and the
money managers who serve them. A large database of products offered by such managers …

This thesis is a collection of three essays on hedge funds with contributions to the empirical
understanding of their fees, and their voluntary disclosure of returns and assets under …

This article attempts to address two issues that have yet to be addressed by the current body
of research. First, we exclusively analyze fixed-income products. Many plan sponsors have …