Hedge Fund Structure, Regulation, and Performance around the World

Douglas Cumming, JD, PhD, CFA, is a Professor of Finance and Entrepreneurship and the Ontario Research Chair at the Schulich School of Business, York University. His research spans areas that include entrepreneurship, entrepreneurial finance, venture capital, private equity, IPOs, law and finance, market surveillance, and hedge funds. He is a Co-Editor of Entrepreneurship Theory and Practice, and has been a guest editor 9 times for special issues of top journals. He has published 9 books, 28 book chapters, and 85 articles in leading refereed finance, entrepreneurship, management, and legal academic journals since completing his J.D./Ph.D. in 1999. Na Dai is an Assistant Professor of Finance at the School of Business at the University of Albany (SUNY). Her primary research interests are corporate finance, the public and private offering, the financing of entrepreneurship and innovation, and hedge funds. Her scholarly works have appeared in leading finance journals and entrepreneurship journals. Sofia Johan, J.D., Ph.D. is an Adjunct Professor of Law, Entrepreneurship and Finance at the Schulich School of Business, York University. Her research areas include entrepreneurship, entrepreneurial finance, venture capital, private equity, IPOs, law and finance, market surveillance and hedge funds.

Preface ; 1. Introduction to Hedge Funds ; 2. Agency Problems in Delegated Portfolio Management ; 3. International Perspectives on Hedge Fund Regulation ; 4. Overview of Empirical Finance Methods to Study Hedge Funds ; 5. Hedge Fund Forum Shopping ; 6. Hedge Fund Capital Raising ; 7. Hedge Fund Performance and Compensation ; 8. Hedge Fund Misreporting ; 9. Hedge Fund Performance Persistence ; 10. Hedge Fund Liquidation and Influence on the General Market ; 11. Conclusions, Unanswered Questions and the Future of the Hedge Fund Industry