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The Who and How of Hedge Fund Risk Shifting

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  • Spencer Andrews
  • Salil Gadgil

Abstract

This paper uses supervisory data to analyze how performance-based compensation influences a hedge fund manager’s investment strategy and associated risk (Working Paper no. 24-07).

Suggested Citation

  • Spencer Andrews & Salil Gadgil, 2024. "The Who and How of Hedge Fund Risk Shifting," Working Papers 24-07, Office of Financial Research, US Department of the Treasury.
    • Handle: RePEc:ofr:wpaper:24-07
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    File URL: https://www.financialresearch.gov/working-papers/files/OFRwp-24-07-the-who-and-how-of-hedge-fund-risk-shifting.pdf
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    References listed on IDEAS

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