Hedge Fund Manager Skill and Style-Shifting
(2021)
Journal Article
Jiang, G. J., Liang, B., & Zhang, H. (2022). Hedge Fund Manager Skill and Style-Shifting. Management Science, 68(3), 2284-2307. https://doi.org/10.1287/mnsc.2020.3945
Using a novel style identification procedure, we show that style-shifting is a dynamic strategy commonly used by hedge fund managers. Three quarters of hedge funds shifted their investment styles at least once over the period from January 1994 to Dec... Read More about Hedge Fund Manager Skill and Style-Shifting.