NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Do Hedge Funds Profit From Mutual-Fund Distress?

Joseph Chen, Samuel Hanson, Harrison Hong, Jeremy C. Stein

NBER Working Paper No. 13786
Issued in February 2008

---- Acknowledgements -----

We are grateful for helpful feedback from Robin Greenwood, Jeff Kubik, Andrei Shleifer, Erik Stafford, seminar participants at the Federal Reserve Bank of New York and the Yale School of Management, and students in Stein's Economics 1760 and 2728 classes. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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