The liquidity-timing ability of hedge funds
This thesis examines whether hedge funds are able to time the aggregate market liquidity and adjust market exposure of their holding portfolio. Using 7,469 hedge funds from TASS over the period from 1994 to 2014 we find significant evidence of positive liquidity-timing skills that translate into the...
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| Formato: | masterThesis |
| Idioma: | eng |
| Publicado em: |
2016
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| Texto completo: | http://hdl.handle.net/10400.14/20661 |
| País: | Portugal |
| Oai: | oai:repositorio.ucp.pt:10400.14/20661 |