09.01.2012 Opalesque Exclusive: Study finds hedge fund firms launching many funds tend to underperform between 3%-5% p.a. after adjusting for risk
From Komfie Manalo, Opalesque Asia:

A study by BNP Paribas Hedge Fund Centre at the Singapore Management University has found that hedge fund firms that manage several hedge funds tend to underperform compared to their counterparts that are managing less or only one hedge fund.

The findings, written by Melvyn Teo, Professor of Finance and Director, BNP Paribas Hedge Fund Centre at the Sing

Article source: http://www.smu.edu.sg/centres/hfc/research.asp - Opalesque is not responsible for the content of external internet sites
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