Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at hedge fund funding risks.
Chart of the Day
“The strategies with the highest return over a long time-horizon are those most likely to get an agent fired over the standard evaluation horizon of three to five years.”
Research links
- How hedge funds get richer than their clients, fees not performance. (ofdollarsanddata.com)
- A look at the relative performance of PutWrite and BuyWrite indices. (quantpedia.com)
- Investors seem to have a local company bias. There is more to this than it seems on first glance. (papers.nber.org)
- Research showing Estimize is the new benchmark for earnings estimates. (russelljame.com)
- "In short, S&P 500 shareholder-payout figures are not indicative of actual capital flows in public firms, and thus cannot provide much basis for the claim that short-termism is starving public firms of needed capital." (papers.ssrn.com)
- Why overseas-listed Chinese firms tend to outperform domestic ones. (papers.ssrn.com)
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