Publicly-traded commodity funds have been poor investment vehicles, yet new funds are a fast-growing part of the investment scene. In this article, the authors show that the information provided to investors is significantly biased upward and that true performance cannot be determined by the information most investors see. Thus, investment in commodity funds, given the information set, is rational. While the authors limit the study to commodity funds, the same should hold for other limited partnerships, such as real estate, oil, and gas. Copyright 1989 by the University of Chicago.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Publisher Info
Article provided by University of Chicago Press in its journal Journal of Business.
Volume (Year): 62 (1989) Issue (Month): 1 (January) Pages: 1-15 Download reference. The following formats are available: HTML
(with abstract),
plain text
(with abstract),
BibTeX,
RIS (EndNote, RefMan, ProCite),
ReDIF
For technical questions regarding this item, or to correct its listing, contact: (Christopher F. Baum).
Related research
Keywords:
Cited by: (explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)