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Mandatory Disclosure and Operational Risk: Evidence from Hedge Fund Registration
Mandatory disclosure is a regulatory tool intended to allow market participants to assess operational risk. We examine the value of disclosure through the controversial SEC requirement, sinceExpand
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Is Pay for Performance Effective? Evidence from the Hedge Fund Industry
Using voluntary decisions to limit investment, we investigate if the high pay–performance sensitivities of hedge fund managers cause them to avoid overinvestment. Our results show that the primaryExpand
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Green Roof Energy Balances for Native Grasses and Sedum
Schwarz, Chris, "Green roof energy balances for native grasses and sedum" (2015). Green roofs offer a possible solution to reduce urban heat island effects caused by urbanization. Conventional greenExpand
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Performance Characteristics of Individually-Managed versus Team-Managed Mutual Funds
The fields of psychology and sociology offer a large body of theory and evidence on how individual behavior differs from group behavior, particularly for performance and risk-taking activities.Expand
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The Strategic Listing Decisions of Hedge Funds
The voluntary nature of hedge fund database reporting creates strategic listing opportunities for hedge funds. However, little is known about how managers list funds across multiple databases orExpand
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L(2, 1)-labelings of Cartesian products of two cycles
TLDR
An L(2, 1)-labeling of a graph is an assignment of nonnegative integers to its vertices so that adjacent vertices get labels at least two apart and vertices at distance two get distinct labels. Expand
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Mutual Fund Tournaments: The Sorting Bias and New Evidence
Previous findings regarding the risk-shifting behavior of mid-year underperforming mutual fund managers are mixed. In this article, I show that this is due to a "sorting bias," which is caused by theExpand
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Estimating Operational Risk for Hedge Funds: The Ω-Score
Using a complete set of the SEC filing information on hedge funds (Form ADV) and the TASS data, we develop a quantitative model called the ω-Score to measure hedge fund operational risk. The ω-ScoreExpand
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Optimal Disclosure and Operational Risk : Evidence from Hedge Fund Registration
Required disclosure is a regulatory tool intended to allow market participants to assess manager risks without constraining manager actions. We use the recent controversial and ultimatelyExpand
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Are hedge fund managers systematically misreporting? Or not?
A discontinuity, or kink, at zero in the hedge fund net return distribution has been interpreted as evidence of managers manipulating returns to avoid showing small losses. Instead, we proposeExpand
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