Standard event-study and cross-sectional regresion methodologies are applied to data from
211 American industrial firms that issued new shares of common stock during 1971-84. The …

Purpose – The purpose of this paper is two fold: educate investors about hedge fund managers'
activities prior to the fraud recognition by the authorities and to help investors and other …

Both conventional bonds and sukuk attempt to mobilize funds from entities with surplus
funds to those with shortages, in line with the objectives of a financial system. But there are …

The objective of this article is to document the profound and growing role of hedge funds in
the economy. It is accomplished through identification and analysis of numerous activities …

The objective of this research is to educate investors and hedge fund industry stakeholders
about a hedge fund manager's alarming activities prior to recognition of the fraud by the …

This paper develops an analogy between a financial call option and a child born within
wedlock. Outside marriage an unemancipated child represents a real call option to the parent …

Activist hedge funds attempt to enhance shareholder value for their fund investors and
company shareholders mainly through their active intervention in the business strategy of target …

Purpose – The purpose of this paper is to offer case studies of hedge fund fraud, solutions
that could mitigate hedge fund fraud risk, and a proposal for the industry to establish a hedge …

The author starts by observing that new attempts to create an investable hedge funds index
are several. Yet, in this article, he shows that, in spite of these serious efforts, the hedge …

This study examines the performance of equity market neutral (EMN) hedge funds by estimating
alpha and beta, using monthly excess returns of the Fidelity Investments Spartan ® US …