The Economics of Hedge Funds: Alpha, Fees, Leverage, and Valuation

Yingcong Lan, Neng Wang, Jinqiang Yang

NBER Working Paper No. 16842
Issued in March 2011

---- Acknowledgements -----

We thank Patrick Bolton, Markus Brunnermeier, Kent Daniel, Pierre Collin-Dufresne, Will Goetzmann, Bob Hodrick, Lingfeng Li, Suresh Sundaresan, Sheridan Titman, Laura Vincent, Mark Westerfield, and seminar participants at Brock, Columbia, PREA 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.

return to bibliography page