NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Hedge Fund Leverage

Andrew Ang, Sergiy Gorovyy, Gregory B. van Inwegen

NBER Working Paper No. 16801
Issued in February 2011

---- Acknowledgements -----

We thank Viral Acharya, Tobias Adrian, Zhiguo He, Arvind Krishnamurthy, Suresh Sundaresan, Tano Santos, an anonymous referee, and seminar participants at Columbia University and Risk USA 2010 for helpful comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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