Hedge Fund Investors – Smart Money or Easy Marks?
The ability of hedge funds in general to deliver impressive after-fee performance for their investors is under serious dispute.
A blog about finance and investing with an academic flavor
The ability of hedge funds in general to deliver impressive after-fee performance for their investors is under serious dispute.
Financial Markets - General / Independent Analysis
by Leonard Kostovetsky · Published December 21, 2021
As Yogi Berra famously said, “It’s tough to make predictions, especially about the future.” Still, it is useful to take a look at the market landscape as 2021 comes to a close, and create a baseline for what we should be expecting come 2022.
One question that seems to be popping up is how inflation is related to cryptocurrency prices and whether they are a good hedge against inflation? We can get an answer to this question by looking at market prices.
by Leonard Kostovetsky · Published August 5, 2021 · Last modified January 17, 2022
Is it better for a company’s shares to be owned by large investors or small investors, institutions or retail investors?
The stock market’s movements are not always reactions to news. Some price changes are due to randomness and sometimes what’s newsworthy is a lack of news.
by Leonard Kostovetsky · Published June 30, 2021 · Last modified January 17, 2022
Survey evidence and academic research highlights some important differences between partisans in how they approach investing as well as in the returns they earn on their investments.
Independent Analysis / Personal Finance
by Leonard Kostovetsky · Published June 23, 2021 · Last modified June 30, 2021
Diversification is one of finance’s most intuitive and widely-accepted ideas. However, the optimal level of diversification is less obvious and the conventional wisdom on this question has evolved over time.
by Leonard Kostovetsky · Published June 14, 2021 · Last modified July 11, 2021
Not all days, or times of day, are created equal for stock investors. Research has shown that stock returns are higher on days of major economic announcements, lower on Monday, and higher during overnight hours.
Interest rates are at zero but there are several ways to earn some interest on your savings.
Financial Markets - General / Independent Analysis
by Leonard Kostovetsky · Published June 1, 2021 · Last modified June 8, 2021
Figuring out the expected return to investors from buying stock in GameStop and AMC
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This is my blog about interesting trends in finance and investing. I am a business school finance professor at Boston College, having earlier taught at University of Rochester and earned an Economics PhD at Princeton University.
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