Return Smoothing, Liquidity Costs, and Investor Flows: Evidence from a Separate Account Platform-Reference-Cited by-同舟云学术

Return Smoothing, Liquidity Costs, and Investor Flows: Evidence from a Separate Account Platform

Published:2017-07 Issue:7 Volume:63 Page:2233-2250
ISSN:0025-1909
Container-title:Management Science
language:en
Short-container-title:Management Science

Author:

Cao Charles¹,Farnsworth Grant²,Liang Bing³,Lo Andrew W.⁴

Affiliation:

1. Smeal College of Business, Pennsylvania State University, University Park, Pennsylvania 16802

2. Neeley School of Business, Texas Christian University, Fort Worth, Texas 76109; and Smeal College of Business, Pennsylvania State University, University Park, Pennsylvania 16802

3. Isenberg School of Management, University of Massachusetts Amherst, Amherst, Massachusetts 01103

4. Sloan School of Management, Massachusetts Institute of Technology, Cambridge, Massachusetts 02142

Publisher

Institute for Operations Research and the Management Sciences (INFORMS)

Subject

Management Science and Operations Research,Strategy and Management

Link

https://pubsonline.informs.org/doi/pdf/10.1287/mnsc.2015.2401

Reference23 articles.

1. Multi-Period Performance Persistence Analysis of Hedge Funds

2. Do Hedge Funds Manage Their Reported Returns?

3. Locked Up by a Lockup: Valuing Liquidity as a Real Option

4. Share restrictions and asset pricing: Evidence from the hedge fund industry☆

Cited by 12 articles. 订阅此论文施引文献订阅此论文施引文献，注册后可以免费订阅5篇论文的施引文献，订阅后可以查看论文全部施引文献

1. Unsmoothing Returns of Illiquid Funds;The Review of Financial Studies;2024-03-09

2. Hedge funds, systemic risk and the market for mortgage-backed securities;Cambridge Journal of Economics;2023-11-01

3. Structural Due Diligence, Operational Risks, and the Evaluation of Managed Account Platforms;The Journal of Alternative Investments;2021-10-30

4. Crowded Trades and Tail Risk;The Review of Financial Studies;2021-09-17

5. The Economics of Hedge Fund Startups: Theory and Empirical Evidence;The Journal of Finance;2021-03-05