Born after the Volcker Rule : Regulatory change, managerial remuneration and hedge fund performance

Tietueen suppeat tiedot
annif.suggestionsfinance|investments (economics)|funds (organisations)|mutual funds|financial markets|investment funds|investors|enterprises|investments|risk management|enen
annif.suggestions.linkshttp://www.yso.fi/onto/yso/p1406|http://www.yso.fi/onto/yso/p4319|http://www.yso.fi/onto/yso/p5933|http://www.yso.fi/onto/yso/p9620|http://www.yso.fi/onto/yso/p7536|http://www.yso.fi/onto/yso/p5932|http://www.yso.fi/onto/yso/p18430|http://www.yso.fi/onto/yso/p3128|http://www.yso.fi/onto/yso/p4320|http://www.yso.fi/onto/yso/p3134en
dc.contributor.authorBowe, Michael
dc.contributor.authorKolokolova, Olga
dc.contributor.authorYu, Lijie
dc.contributor.departmentfi=Ei tutkimusalustaa|en=No platform|-
dc.contributor.facultyfi=Laskentatoimen ja rahoituksen yksikkö|en=School of Accounting and Finance|-
dc.contributor.organizationfi=Vaasan yliopisto|en=University of Vaasa|
dc.date.accessioned2024-01-02T06:50:25Z
dc.date.accessioned2025-06-25T12:58:39Z
dc.date.available2024-01-02T06:50:25Z
dc.date.issued2023-09-06
dc.description.abstractSubstantial remunerative benefits accrue to managers of new hedge funds launched after the implementation of the Volcker Rule if their previous employer is a large US bank. After the rule, ex-bankers' funds charge higher management fees and receive more flows as compared with other new hedge funds established during the same period. This phenomenon is related to changes in investor perception of the distribution of skills of new fund managers rather than to the actual differences in skills. Ex-bankers' funds are indistinguishable from other funds in terms of performance, risk, and liquidation probability, both before and after the Volcker Rule.-
dc.description.notification© 2023 The Authors. European Financial Management published by John Wiley & Sons Ltd. This is an open access article under the terms of the Creative Commons Attribution‐NonCommercial‐NoDerivs License, which permits use and distribution in any medium, provided the original work is properly cited, the use is non‐commercial and no modifications or adaptations are made.-
dc.description.reviewstatusfi=vertaisarvioitu|en=peerReviewed|-
dc.format.bitstreamtrue
dc.format.contentfi=kokoteksti|en=fulltext|-
dc.format.extent40-
dc.identifier.olddbid19678
dc.identifier.oldhandle10024/16690
dc.identifier.urihttps://osuva.uwasa.fi/handle/11111/1261
dc.identifier.urnURN:NBN:fi-fe202401021055-
dc.language.isoeng-
dc.publisherJohn Wiley & Sons-
dc.relation.doi10.1111/eufm.12457-
dc.relation.funderUniversity of Manchester-
dc.relation.funderCentre for the Analysis of Investment Risk (CAIR)-
dc.relation.funderChina Scholarship Council (CSC)-
dc.relation.ispartofjournalEuropean Financial Management-
dc.relation.issn1468-036X-
dc.relation.issn1354-7798-
dc.relation.urlhttps://doi.org/10.1111/eufm.12457-
dc.rightsCC BY-NC-ND 4.0-
dc.source.identifierWOS:001059102700001-
dc.source.identifierScopus:85169881412-
dc.source.identifierhttps://osuva.uwasa.fi/handle/10024/16690
dc.subjectx‐US LCFI bankers-
dc.subjectfee structure-
dc.subjectfund flows-
dc.subjecthedge funds-
dc.subjectVolcker Rule-
dc.subject.disciplinefi=Laskentatoimi ja rahoitus|en=Accounting and Finance|-
dc.titleBorn after the Volcker Rule : Regulatory change, managerial remuneration and hedge fund performance-
dc.type.okmfi=A1 Alkuperäisartikkeli tieteellisessä aikakauslehdessä|en=A1 Peer-reviewed original journal article|sv=A1 Originalartikel i en vetenskaplig tidskrift|-
dc.type.publicationarticle-
dc.type.versionpublishedVersion-

Tiedostot

Näytetään 1 - 1 / 1
Name:
Osuva_Bowe_Kolokolova_Yu_2023.pdf
Size:
1.19 MB
Format:
Adobe Portable Document Format
Description:
Artikkeli
Lataa

Kokoelmat

Artikkelit