| 25.06.2009 Opalesque Exclusive: Hedge funds taking liquidity risk outperform by 4.86% p.a., but gate provisions contribute to asset-liability mismatch, research says |
| By Matthias Knab, Opalesque Germany: New research from Melvyn Teo, Associate Professor of Finance and Director, BNP Paribas Hedge Fund Centre at the Singapore Management University finds that hedge funds taking liquidity risk outperform by 4.86 percent per annum, % p.a., however having the option to raise gates may ironically encourage them funds to take on more liquidity risk than they should, c |
| Article source: http://www.smu.edu.sg/centres/hfc/ - Opalesque is not responsible for the content of external internet sites |