Giannikos, Christos; Guirguis, Hany; Schizas, Panagiotis - In: Applied Financial Economics 24 (2014) 16, pp. 1063-1073
This article documents that hedge funds specializing in subprime mortgages did not take advantage of the housing bubble and they did not trade against it. Hedge fund capitalization is an important factor regarding how funds suffered during the crisis. Small funds suffered the most. Mid-cap...