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From:
Office of Financial Research - Working Papers
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The Who and How of Hedge Fund Risk Shifting
https://www.financialresearch.gov/working-papers/2024/10/30/the-who-and-how-of-hedge-fund-risk-shifting/
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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).
