Letter: Hedge Funds Race to the Bottom

D'Amato Anthony
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D'Amato Anthony: Northwestern University

The Economists' Voice, 2008, vol. 5, issue 3, 2

Abstract: Anthony D'Amato argues that hedge fund wizards will engage in a race to the bottom, accepting ever higher chances of going bust to pursue short run returns both to maximize their percentage take in good years and to attract more investment.

Date: 2008
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DOI: 10.2202/1553-3832.1370

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