Hedge funds generally disclose limited information. This environment of limited disclosure makes it difficult for regulators and prospective investors to understand hedge fund risk. The main information source is hedge fund self-reported returns. We test the reliability of these voluntary disclosures by tracking changes to statements of historical performance recorded at different points in time. Funds that revise performance histories significantly and predictably underperform those that have never revised.
A small sandwich lunch to take away will be offered for participants at the end of the event. The presentation will be in English and is free of charge. Due to safety reasons, registration is mandatory.
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