Funds of Funds

Author(s):  
Ewelina Sokołowska
Keyword(s):  
2006 ◽  
pp. 433-454 ◽  
Author(s):  
Stephan Joehri ◽  
Markus Leippold

2005 ◽  
pp. 141-160 ◽  
Author(s):  
Stephen J. Brown ◽  
William N. Goetzmann ◽  
Bing Liang
Keyword(s):  

2019 ◽  
Vol 33 (10) ◽  
pp. 4771-4810 ◽  
Author(s):  
Clemens Sialm ◽  
Zheng Sun ◽  
Lu Zheng

Abstract Our paper analyzes the geographical preferences of hedge fund investors and the implication of these preferences for hedge fund performance. We find that funds of hedge funds overweigh their investments in hedge funds located in the same geographical areas and that funds with a stronger local bias exhibit superior performance. Local bias also gives rise to excess flow comovement and extreme return clustering within geographic areas. Overall, our results suggest that while funds of funds benefit from local advantages, their local bias also creates market segmentation that can destabilize the underlying hedge funds.


2017 ◽  
Author(s):  
Robert Harris ◽  
Tim Jenkinson ◽  
Steven Kaplan ◽  
Ruediger Stucke

2011 ◽  
Vol 38 (1) ◽  
pp. 82-100 ◽  
Author(s):  
Greg N. Gregoriou ◽  
Razvan Pascalau

2012 ◽  
Vol 8 (5) ◽  
pp. 493-508
Author(s):  
Bruce A. Struach ◽  
Sheila D. Foster
Keyword(s):  


CFA Digest ◽  
2009 ◽  
Vol 39 (2) ◽  
pp. 4-5
Author(s):  
Jason X. Lan
Keyword(s):  

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