This study examines how the efficiency of trading desks operated by mutual fund families affects the performance and trading of affiliated funds. We estimate th

This authoritative book enables readers to evaluate the variousperformance and risk attributes of mutual funds, while also servingas a comprehensive resource fo

How to prevent runs on open-end mutual funds? In recent years, markets have observed an innovation that changed the way open-end funds are priced. Alternative p

The internet can be the greatest tool ever invented for the enrichment of investors—or the fastest way to be misled, cheated, and relieved of your hardearned

This paper explores the incentives for mutual funds to trade with sibling funds affiliated with the same group. To this end, we construct a dataset of almost on