Replication products strive to offer investors some of the benefits of hedge funds while
avoiding their high fees, illiquidity, and opacity. The authors of this article test whether a …

CTAs have been particularly successful in the 2008 crisis and this has resulted in a
concentration of the industry. But is large better? Although CTA is known to be a very liquid …

Our paper investigates the timing of the inception of commodity trading advisors and the
relationship between their fund flows and performance. Our results show that commodity …

Our paper investigates the timing of commodity trading advisors (CTAs) inception and the
relationship between their fund flows and performance. Our results show that the CTA …

The results of this chapter can be summarized as follows. We find size and returns volatility
to be much more important predictors of liquidation risk than of the other exit types, and the …