This paper produces multiple fund-of-funds’ portfolios based on sorting and a novel non-parametric approach to lend in-depth insights into the extent hedge fund returns display higher order (non-linear) persistence patterns. By exploiting monthly data from Hedge Fund Research Database between...

Introduction -- Theoretical and empirical literature on diffusion: A move towards a broader perspective -- Integrating models of diffusion: A conceptual framework for research -- A synoptic review of the Indian automotive and auto components industry -- A comparative regional analysis of Indian...