We examine the potential for selection bias in voluntarily reported hedge fund performance
data. We construct a set of hedge fund returns that have never been reported to a …

Borrower misreporting is associated with seriously adverse loan outcomes. Significantly
more residential mortgage borrowers reported personal assets just above round number …

We examine the value of information available to investors through BrokerCheck: the most
comprehensive source of information about brokers' professional background and …

Hedge fund teams with heterogeneous educational backgrounds, academic specializations,
work experiences, genders, and races, outperform homogeneous teams after adjusting for …

We explore a new mechanism by which investors take correlated shortcuts and present
evidence that managers—using sales management—take advantage of these shortcuts …

This paper analyzes hedge fund performance, risk, and fund flows before and after the
implementation of the Dodd–Frank Act. The data indicates that, relative to non-US hedge …

This paper introduces a new parametric fund performance measure, called the L-
performance. The L-performance is an alternative to the Sharpe performance, which is …

This important series is designed to make a significant contribution to the sha** and
development of thinking in finance. The series will provide an invaluable forum for the …

We investigate the growth strategies of hedge fund firms. We find that firms with successful
first funds are able to launch follow-on funds that charge higher performance fees, set more …

This article discusses and investigates the quality of hedge fund databases. The main goal
of this article is to increase awareness of the practical limitations of hedge fund data and …