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Strategic behavior within families of hedge funds

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Strategic behavior within families of hedge funds. / Kolokolova, Olga.
In: Journal of Banking and Finance, Vol. 35, No. 7, 31.07.2011, p. 1645-1662.

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Harvard

Kolokolova, O 2011, 'Strategic behavior within families of hedge funds', Journal of Banking and Finance, vol. 35, no. 7, pp. 1645-1662. https://doi.org/10.1016/j.jbankfin.2010.11.010

APA

Kolokolova, O. (2011). Strategic behavior within families of hedge funds. Journal of Banking and Finance, 35(7), 1645-1662. https://doi.org/10.1016/j.jbankfin.2010.11.010

Vancouver

Kolokolova O. Strategic behavior within families of hedge funds. Journal of Banking and Finance. 2011 Jul 31;35(7):1645-1662. doi: 10.1016/j.jbankfin.2010.11.010

Author

Kolokolova, Olga. / Strategic behavior within families of hedge funds. In: Journal of Banking and Finance. 2011 ; Vol. 35, No. 7. pp. 1645-1662.

Bibtex

@article{25e202282e03407fb18e6c378717bc09,
title = "Strategic behavior within families of hedge funds",
abstract = "The paper investigates the strategic behavior of hedge fund families. It focuses on decisions to start and liquidate family-member funds. Hedge fund families tend to liquidate funds that underperform compared to other member funds, and to replace them by new ones. By choosing a launch time after a short period of superior performance by their member funds, families extend the spillover to new funds. Hedge fund families seem to be more experienced in promoting their funds and attracting fund inflow than in generating superior performance. This results in higher dollar compensation earned by managers within multi-fund families than in stand-alone funds.",
author = "Olga Kolokolova",
year = "2011",
month = jul,
day = "31",
doi = "10.1016/j.jbankfin.2010.11.010",
language = "English",
volume = "35",
pages = "1645--1662",
journal = "Journal of Banking and Finance",
issn = "0378-4266",
publisher = "Elsevier",
number = "7",

}

RIS

TY - JOUR

T1 - Strategic behavior within families of hedge funds

AU - Kolokolova, Olga

PY - 2011/7/31

Y1 - 2011/7/31

N2 - The paper investigates the strategic behavior of hedge fund families. It focuses on decisions to start and liquidate family-member funds. Hedge fund families tend to liquidate funds that underperform compared to other member funds, and to replace them by new ones. By choosing a launch time after a short period of superior performance by their member funds, families extend the spillover to new funds. Hedge fund families seem to be more experienced in promoting their funds and attracting fund inflow than in generating superior performance. This results in higher dollar compensation earned by managers within multi-fund families than in stand-alone funds.

AB - The paper investigates the strategic behavior of hedge fund families. It focuses on decisions to start and liquidate family-member funds. Hedge fund families tend to liquidate funds that underperform compared to other member funds, and to replace them by new ones. By choosing a launch time after a short period of superior performance by their member funds, families extend the spillover to new funds. Hedge fund families seem to be more experienced in promoting their funds and attracting fund inflow than in generating superior performance. This results in higher dollar compensation earned by managers within multi-fund families than in stand-alone funds.

U2 - 10.1016/j.jbankfin.2010.11.010

DO - 10.1016/j.jbankfin.2010.11.010

M3 - Journal article

VL - 35

SP - 1645

EP - 1662

JO - Journal of Banking and Finance

JF - Journal of Banking and Finance

SN - 0378-4266

IS - 7

ER -