Ben-David, Itzhak; Franzoni, Francesco; Moussawi, Rabih - In: Review of Financial Studies 25 (2012) 1, pp. 1-54
Hedge funds significantly reduced their equity holdings during the recent financial crisis. In 2008:Q3----Q4, hedge … restrictions and institutional ownership in hedge funds. The Author 2011. Published by Oxford University Press on behalf of The …. Consistent with forced deleveraging, the selloffs took place in volatile and liquid stocks. In comparison, redemptions and stock …