After insider trading regulations become stricter, insiders partially substitute trades in their own stocks with informed trades in peer stocks. Using a uniquely constructed dataset of trades by corporate insiders in all stocks, we find that insiders are 20% more likely to trade in peer stocks...

In contrast to the perception of a common 2/20 fee structure, we find considerable cross-sectional and time series variations in hedge fund fees using a large panel data set. Fund family characteristics and prior performance play an important role in fee determination. New fund families are...

We investigate the behavior of retail traders during repeated bubble episodes in the stocks using detailed data provided by the Bombay Stock Exchange. We show that, after controlling for attrition, retail traders are more likely to participate in bubble stocks if they have prior bubble...