Market Failure in Hedge Fund Industry: A Need for Regulation?

2012 ◽  
Author(s):  
Hossein Nabilou
Keyword(s):  
Market Failure ◽  
Hedge Fund ◽  
Fund Industry

The Hedge Fund “Industry” and Absolute Return Funds

CFA Digest ◽  
1999 ◽  
Vol 29 (4) ◽  
pp. 43-44
Author(s):  
Laurie Effron
Keyword(s):  
Hedge Fund ◽  
Fund Industry

The Dynamics of the Hedge Fund Industry

CFA Digest ◽  
2005 ◽  
Vol 35 (4) ◽  
pp. 87-90 ◽  
Author(s):  
Frank T. Magiera
Keyword(s):  
Hedge Fund ◽  
Fund Industry

Tailing Tail Risk in the Hedge Fund Industry

2012 ◽  
Author(s):  
Walter Distaso ◽  
Marcelo Fernandes ◽  
Filip Zikes
Keyword(s):  
Hedge Fund ◽  
Tail Risk ◽  
Fund Industry

Aggregate Alpha in the Hedge Fund Industry: A Further Look at Best Ideas

2020 ◽  
Author(s):  
Faryan Amir-Ghassemi ◽  
Andrew Papanicolaou ◽  
Michael Perlow
Keyword(s):  
Hedge Fund ◽  
Fund Industry

Investor Flows and Fund Restrictions in the Hedge Fund Industry

2007 ◽  
Author(s):  
Bill Ding ◽  
Mila Getmansky ◽  
Bing Liang ◽  
Russ R. Wermers
Keyword(s):  
Hedge Fund ◽  
Fund Industry

Portraits of five hedge fund fraud cases

2008 ◽  
Vol 15 (2) ◽  
pp. 179-213 ◽  
Author(s):  
Majed R. Muhtaseb ◽  
Chun Chun “Sylvia” Yang
Keyword(s):  
Asset Management ◽  
Hedge Funds ◽  
Hedge Fund ◽  
Investment Fund ◽  
Good Opportunity ◽  
Content Type ◽  
Fund Managers ◽  
Management Group ◽  
Fund Industry ◽  
Asset Managers

PurposeThe purpose of this paper is two fold: educate investors about hedge fund managers' activities prior to the fraud recognition by the authorities and to help investors and other stakeholders in the hedge fund industry identify red flags before fraud is actually committed.Design/methodology/approachThe paper investigates fraud committed by the Bayou Funds, Beacon Hill Asset Management, Lancer Management Group (LMG), Lipper & Company and Maricopa investment fund. The fraud activities took place during 2000 and 2005.FindingsThe five cases alone cost the hedge fund investors more than $1.5 billion. Investors may have had a good opportunity for avoiding the irrecoverable costs of the fraud had they carefully vetted the backgrounds of the hedge fund managers and/or continuously monitored the funds activities, especially during turbulent market environments.Originality/valueThis is the first research paper to identify and extensively investigate fraud committed by hedge funds. In spite of the size of the hedge fund industry and relatively substantial level and inevitably recurring fraud, academic journals are to yet address this issue. The paper is of great value to hedge funds and their individual and institutional investors, asset managers, financial advisers and regulators.

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