| 15.04.2009 Opalesque Exclusive: New research paper on liquidity and hedge funds - nonlinear effects of speculator capital on market liquidity |
| From Melvyn Teo, Associate Professor of Finance and Director, BNP Paribas Hedge Fund Centre at the Singapore Management University. Abstract Market liquidity profoundly impacts hedge funds. Funds trading illiquid securities earn a significant risk premium, report smoother returns, can better leverage on information asymmetries, and grapple with stronger capacity constraints. Importantly, the f |
| Article source: http://www.smu.edu.sg/centres/hfc/ - Opalesque is not responsible for the content of external internet sites |