Recently, there has been rapid growth in the assets managed by lighter regulation and better incentives. Conversely, hedged mutual funds outperform traditional mutual funds. Notably, this superior performance is driven by managers with experience implementing hedge fund strategies. Our findings have implications for investors seeking hedge-fund-like payoffs at a lower cost and within the comfort of a regulated environment.
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Volume (Year): 44 (2009) Issue (Month): 02 (April) Pages: 273-305 Download reference. The following formats are available: HTML
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