In this paper, we are examining hedge funds risk and return profile for the period 1998 to 2003. The large range in returns and dispersion suggest that the mean variance approach may not indicate a complete picture of hedge funds performance. Our results suggest that for the examined period, we...

In this article, we examine how event driven hedge funds performance is affected by risks in terms of bid ask spreads, settlement risk, short squeeze risk and financing risk. The fund manager primarily is targeting financial, micro and macro economic or political events, corporate events that...

This paper presents a market equilibrium model of CEO assignment, pay and incentives under risk aversion and heterogeneous moral hazard. Each of the three outcomes can be summarized by a single closed-form equation. In assignment models without moral hazard, allocation depends only on firm size...

This paper presents a market equilibrium model of CEO assignment, pay and incentives under risk aversion and heterogeneous moral hazard. Each of the three outcomes can be summarized by a single closed-form equation. In assignment models without moral hazard, allocation depends only on firm size...