Purpose – This article seeks to explain and empirically test the relationship between managerial social capital and hedge fund performance. Design/methodology/approach – This article uses a capital asset pricing model (CAPM)-style five factor model to estimate excess returns for the top 25...

Purpose – This article seeks to explain and empirically test the relationship between managerial social capital and hedge fund performance. Design/methodology/approach – This article uses a capital asset pricing model (CAPM)‐style five factor model to estimate excess returns for the top 25...