Do Hedge Funds Profit From Mutual-Fund Distress?
NBER Working Paper No. 13786
---- 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.