Compensation Option, Managerial Incentives and Risk-Shifting in Hedge Funds

2007 ◽  
Author(s):  
Ying Li ◽  
Hossein B. Kazemi
Keyword(s):  
Hedge Funds ◽  
Managerial Incentives ◽  
Risk Shifting

Derivatives Use and Risk Taking: Evidence from the Hedge Fund Industry

2011 ◽  
Vol 46 (4) ◽  
pp. 1073-1106 ◽  
Author(s):  
Yong Chen
Keyword(s):  
Risk Reduction ◽  
Risk Taking ◽  
Hedge Funds ◽  
Hedge Fund ◽  
Market Risk ◽  
Risk Shifting ◽  
Large Sample ◽  
Event Risk ◽  
Market State ◽  
Fund Industry

AbstractThis paper examines the use of derivatives and its relation with risk taking in the hedge fund industry. In a large sample of hedge funds, 71% of the funds trade derivatives. After controlling for fund strategies and characteristics, derivatives users on average exhibit lower fund risks (e.g., market risk, downside risk, and event risk), such risk reduction is especially pronounced for directional-style funds. Further, derivatives users engage less in risk shifting and are less likely to liquidate in a poor market state. However, the flow-performance relation suggests that investors do not differentiate derivatives users when making investing decisions.

Flows, Performance, and Managerial Incentives in Hedge Funds

2003 ◽  
Author(s):  
Vikas Agarwal ◽  
Naveen D. Daniel ◽  
Narayan Y. Naik
Keyword(s):  
Hedge Funds ◽  
Managerial Incentives

Income taxes and managerial incentives: Evidence from hedge funds

2021 ◽  
Author(s):  
Vikas Agarwal ◽  
Gary Chen ◽  
Zhen Shi ◽  
Bin Wang
Keyword(s):  
Hedge Funds ◽  
Managerial Incentives ◽  
Income Taxes

Institutional Investors on the Securities Market

2003 ◽  
pp. 95-101
Author(s):  
O. Khmyz
Keyword(s):  
Financial Crisis ◽  
Capital Market ◽  
Hedge Funds ◽  
Institutional Investors ◽  
Securities Market ◽  
Main Role ◽  
Investment Funds ◽  
Investment Process ◽  
The Capital Market

Acording to the author's opinion, institutional investors (from many participants of the capital market) play the main role, especially investment funds. They supply to small-sized investors special investment services, which allow them to participate in the investment process. However excessive institutialization and increasing number of hedge-funds may lead to financial crisis.

Hedge Funds in Corporate Clothing

CFA Magazine ◽  
2005 ◽  
Vol 16 (4) ◽  
pp. 46-47
Author(s):  
Stephen Brown
Keyword(s):  
Hedge Funds

Hedge Funds and the Collapse of Long-Term Capital Management

CFA Digest ◽  
2000 ◽  
Vol 30 (1) ◽  
pp. 76-78
Author(s):  
David B. Miyazaki
Keyword(s):  
Hedge Funds ◽  
Capital Management
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