Hedge Funds

The Hedge Fund industry has grown to over 3 trillion USD in assets under management yet research on investment strategies and portfolio benefits related to hedge funds has lagged this growth. The deficit is largely due to low-quality data on funds because of limited public disclosure requirements. IPC works with industry partners to expand the breadth and depth of hedge fund data available to academic researchers.

Latest Hedge Funds Research

Activism and Empire Building

March 22, 2018

Working Paper

We focus on the role of activists in the market for corporate control and provide evidence that activists curb incentives to engage in empire building acquisitions, limiting the scope of one of the most destructive forces in public companies. More

Governance under the Gun: Spillover Effects of Hedge Fund Activism

December 19, 2017

Working Paper

Hedge fund activism is an important monitoring mechanism associated with substantial improvements in the governance and performance of targets. More

Short Selling Risk

November 15, 2017

Working Paper

Short sellers face unique risks, such as the risk that stock loans become expensive and the risk that stock loans are recalled. More

Who We Are

Greg Brown

Research Director, IPC; Professor of Finance, Sarah Graham Kenan Distinguished Scholar, University of North Carolina, Kenan-Flagler Business School

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Nick Gantchev

Assistant Professor of Finance, Cox School of Business at Southern Methodist University

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Eric Ghysels

Edward Bernstein Distinguished Professor of Economics; Adjunct Professor of Finance, University of North Carolina, Kenan-Flagler Business School

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John Hand

H. Allen Andrew Distinguished Professor, University of North Carolina, Kenan-Flagler Business School

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Paige Ouimet

Assistant Professor of Finance, University of North Carolina, Kenan-Flagler Business School

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Adam Reed

Julian Price Scholar in Finance and Associate Professor of Finance, University of North Carolina, Kenan-Flagler Business School

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