We investigate the growth strategies of hedge fund firms. find that firms with successful first funds are able to launch follow-on charge higher performance fees, set more onerous redemption terms, and attract greater inflows. Motivated by aforementioned spillover effects, outperform funds, after adjusting for risk. Consistent agency view, incentive alignment moderates differential between fund...

The term hedge fund is used to describe a diverse group of financial institutions, which together play an increasingly important role in our financial system. The rapid growth in their numbers and their assets under management suggests they provide, or are perceived to provide, significant economic value to investors that is not available in other investment vehicles. If hedge funds demonstrate...

In this work we study anti-unification for unranked terms and hedges, permitting context and hedge variables. Hedges are sequences of unranked terms. The anti-unification problem of two hedges s̃ and q̃ is concerned with finding their generalization, a hedge g̃ such that both s̃ and q̃ are instances of g̃ under some substitutions. Context variables are used to abstract vertical differences in the inp...

Hedge detection and scope finding are increasingly important tasks in information extraction, especially in the biomedical natural language processing community. In this paper, a novel approach detecting hedge cues and their scopes by sequence labeling is explored. It should be emphasized that syntactic dependencies are systematically exploited and effectively integrated by a large-scale featur...

Aslam, Pavlu, and Savell [3] introduced the Hedge algorithm for metasearch which effectively combines the ranked lists of documents returned by multiple retrieval systems in response to a given query. It has been demonstrated that the Hedge algorithm is an effective technique for metasearch, often significantly exceeding the performance of standard metasearch and IR techniques over small TREC c...

We consider the partial hedging of stochastic electricity load pattern with static forward strategies. We assume that the company under consideration maximizes the risk adjusted expected value of its electricity cash flows. First, we calculate an optimal hedge ratio and after that we use this hedge ratio to solve the optimal hedging time. Our results indicate, for instance that agents with high...

Using a variety of different definitions of “neutrality,” this study presents significant evidence against the neutrality to market risk of hedge funds in a range of style categories. I generalize standard definitions of “market neutrality,” and propose five different neutrality concepts. I suggest statistical tests for each neutrality concept, and apply these tests to a database of monthly ret...

Aslam, Pavlu, and Savell [3] introduced the Hedge algorithm for metasearch which effectively combines the ranked lists of documents returned by multiple retrieval systems in response to a given query and learns which documents are likely to be relevant from a sequence of on-line relevance judgments. It has been demonstrated that the Hedge algorithm is an effective technique for metasearch, ofte...