Study finds “tantalizing insight into how hedge funds funds generate alpha.” And it’s not how you think…
| May 26th, 2011 | Filed under: Hedge Fund Regulation, Today's Post | By: Alpha Male |
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For much of the second half of the 20th century, critics of Wall Street charged that brokerage research was tainted by the tight relationship between analysts and investment bankers. These well documented “agency” issues remained until April 2003 when leading financial institutions signed a deal with the SEC to reimburse investors and put an end to the cozy relationship between the research departments and i-banking departments of major US financial institutions. Many thought this put an end to the conflicts of interest that had plagued the industry. But, apparently, they may have been wrong.
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