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Eponymous hedge funds

Author

Listed:
  • Agarwal, Vikas
  • Arisoy, Yakup Eser
  • Trinh, Tri

Abstract

We investigate whether eponymous hedge funds-those named after their founder/manager-signal managerial ability or ethical behavior. While such funds do not outperform non-eponymous peers, they exhibit lower operational and fraud risks. Survey evidence supports these findings. Eponymous funds that violate regulations and breach investors' trust experience reduced investor flows despite strong performance. Offsetting these costs, eponymous fund managers benefit from lower failure rates and better contractual terms such as higher incentive fees and greater share restrictions. These results suggest that eponymy serves as a credible signal of ethical behavior and personal commitment, valued by investors beyond performance alone.

Suggested Citation

  • Agarwal, Vikas & Arisoy, Yakup Eser & Trinh, Tri, 2025. "Eponymous hedge funds," CFR Working Papers 25-07, University of Cologne, Centre for Financial Research (CFR).
    • Handle: RePEc:zbw:cfrwps:323936
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    JEL classification:

    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G40 - Financial Economics - - Behavioral Finance - - - General
    • G41 - Financial Economics - - Behavioral Finance - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making in Financial Markets

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