Faculty News
Professor Arpit Gupta's joint research on hedge fund performance is spotlighted
—
Excerpt from Bloomberg View -- "We find that funds with greater investment by insiders outperform funds with less 'skin in the game' on a factor-adjusted basis; exhibit greater return persistence; and feature lower fund flow-performance sensitivities. These results suggest that managers earn outsize rents by operating trading strategies further from their capacity constraints when managing their own money."
Read more
Read more