My research interest lies in the area of empirical investments and financial institutions. My current work focuses on investment vehicles, such as mutual funds and hedge funds.
Ideally, hedge fund managers would maximize returns for their investors. In practice, however, portfolio managers are likely to take excessive levels of risk to boost their own paycheck, indicates new research from Chengdong Yin and Xiaoyan Zhang from
Purdue University’s Krannert School of Management.
If you want to run a hedge fund that beats the market, keep it small
Successful hedge fund managers should do something unusual if they want to stay that way: Say no to new investors, according to new research by Krannert professors Chengdong Yin and Xiaoyan Zhang that examines the size, age and life cycle of hedge funds,