Question
Many hedge funds do not report to their potential investors their investment strategies. That is, they are reluctant to release their trading strategies, worrying that
Many hedge funds do not report to their potential investors their investment strategies. That is, they are reluctant to release their trading strategies, worrying that if their competitors found out about their strategies, they would lose their competitive edge. Do you think this secrecy increases or decreases the negative effects of performance-based arbitrage on market? Why?
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Financial Markets and Institutions
Authors: Jeff Madura
11th Edition
1133947875, 9781305143005, 1305143000, 978-1133947875
