CAO, Yang; OGDEN, Joseph P.; TIU, Cristian I. - In: Business Excellence and Management 2 (2012) 1, pp. 5-20
-alone outside hedge fund; and (5) An outside “feeder” FOF hedge fund model. Our discussion of these models, which centers on … benefits vs. fundamental problems related to illiquidity, information asymmetry, and conflicts of interest, leads to several … hypotheses about the differential characteristics and return performance of both individual hedge funds and FOFs. We test as many …