Highlights• A thinner inverted flag starts flapping at a lower wind speed.• The heat dissipation effect is strongly affected by the inverted flag motion.• The flapping mode induces the highest average vorticity compared with other modes.• The flapping mode induces the largest heat...

This paper investigates the short-side anomaly trading behavior of alternative mutual funds (AMFs) based on their short positions in U.S. domestic equities. In aggregate, AMFs demonstrate the ability to exploit well-documented stock market anomalies on the short side, and the overpriced stocks...