07.07.2017 Paper says 'abnormal' hedge funds trades based on prime broker information flow offer 4% superior performance
Matthias Knab, Opalesque:

The popular press often accuses hedge funds of trading on information not available to other market participants. In this paper, the authors Nitish Kumar, Kevin Mullally, Sugata Ray and Yuehua Tangwe provide evidence that one source of that information is a fund's prime broker. Specifically, they find that hedge funds engage in abnormal trading activity in the stocks o

Article source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2996148 - Opalesque is not responsible for the content of external internet sites
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