The Market Liquidity Timing Skills of Debt-oriented Hedge Funds
نویسندگان
چکیده
منابع مشابه
Can hedge funds time market liquidity?
We explore a new dimension of fund managers' timing ability by examining whether they can time market liquidity through adjusting their portfolios'market exposure as aggregate liquidity conditions change. Using a large sample of hedge funds, we find strong evidence of liquidity timing. A bootstrap analysis suggests that top-ranked liquidity timers cannot be attributed to pure luck. In out-of-sa...
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ژورنال
عنوان ژورنال: European Financial Management
سال: 2016
ISSN: 1354-7798
DOI: 10.1111/eufm.12090