NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Risk Shifting and Mutual Fund Performance

Jennifer Huang, Clemens Sialm, Hanjiang Zhang

NBER Working Paper No. 14903
Issued in April 2009

---- Acknowledgements -----

We thank Keith Brown, Jie Cao, Joe Chen, Jonathan Cohn, Ken French, W. Van Harlow, Marcin Kacperczyk, Sheridan Titman, Stefan Ruenzi, Pablo Ruiz-Verdu, Richard Stanton, and seminar participants at Georgia State University and the University of Texas at Austin for helpful comments and discussions. 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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