Did the STOCK Act impact the performance, risk and flow of hedge funds?
Purpose>This research aims to examine hedge funds’ performance, risk and flow before and after the implementation of the Stop Trading on Congressional Knowledge (STOCK) Act.Design/methodology/approach>This paper includes the use of different factor models to highlight the performance and risk...
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| Veröffentlicht in: | International Journal of Managerial Finance 2022-09, Vol.18 (5), p.944-978 |
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| container_end_page | 978 |
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| container_issue | 5 |
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| container_title | International Journal of Managerial Finance |
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| creator | Samarbakhsh, Laleh |
| description | Purpose>This research aims to examine hedge funds’ performance, risk and flow before and after the implementation of the Stop Trading on Congressional Knowledge (STOCK) Act.Design/methodology/approach>This paper includes the use of different factor models to highlight the performance and risk of hedge funds before and after the implementation of the STOCK Act. Hedge fund holdings are retrieved from Thomson Reuters Lipper Hedge Fund Database (TASS).Findings>This study finds significant differences before and after the implementation of the STOCK Act. The results for the entire sample period indicate that hedge funds suffered lower-alpha, standard deviation and idiosyncratic risk after the implementation of the STOCK Act.Originality/value>The paper’s originality and value lie in addressing the relationship gap between the STOCK Act and hedge fund performance. |
| doi_str_mv | 10.1108/IJMF-04-2021-0174 |
| format | Article |
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Hedge fund holdings are retrieved from Thomson Reuters Lipper Hedge Fund Database (TASS).Findings>This study finds significant differences before and after the implementation of the STOCK Act. 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| identifier | ISSN: 1743-9132 |
| ispartof | International Journal of Managerial Finance, 2022-09, Vol.18 (5), p.944-978 |
| issn | 1743-9132 1758-6569 |
| language | eng |
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| source | Standard: Emerald eJournal Premier Collection |
| subjects | Arbitrage Economic crisis Hedge funds Investment advisors Investors Legislation Literature reviews Mutual funds Portfolio management Profits Regulation of financial institutions Scandals Stock exchanges Wall Street Reform & Consumer Protection Act 2010-US |
| title | Did the STOCK Act impact the performance, risk and flow of hedge funds? |
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