{"id":"https://openalex.org/W2139159247","doi":"https://doi.org/10.1017/s0022109014000465","title":"Recovering Delisting Returns of Hedge Funds","display_name":"Recovering Delisting Returns of Hedge Funds","publication_year":2014,"publication_date":"2014-06-01","ids":{"openalex":"https://openalex.org/W2139159247","doi":"https://doi.org/10.1017/s0022109014000465","mag":"2139159247"},"language":"en","primary_location":{"id":"doi:10.1017/s0022109014000465","doi":"https://doi.org/10.1017/s0022109014000465","is_oa":false,"landing_page_url":"https://doi.org/10.1017/s0022109014000465","pdf_url":null,"source":{"id":"https://openalex.org/S193228710","display_name":"Journal of Financial and Quantitative Analysis","issn_l":"0022-1090","issn":["0022-1090","1756-6916"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-1","ft50","jufo-3","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310311721","host_organization_name":"Cambridge University Press","host_organization_lineage":["https://openalex.org/P4310311721","https://openalex.org/P4310311702"],"host_organization_lineage_names":["Cambridge University Press","University of Cambridge"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Financial and Quantitative Analysis","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5027688970","display_name":"James Ernest Hodder","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I135310074","display_name":"University of Wisconsin\u2013Madison","ror":"https://ror.org/01y2jtd41","country_code":"US","type":"education","lineage":["https://openalex.org/I135310074"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"James E. Hodder","raw_affiliation_strings":["","jhodder@bus.wisc.edu,School of Business,University of Wisconsin,975 University Ave,Madison,WI 53706"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"","institution_ids":[]},{"raw_affiliation_string":"jhodder@bus.wisc.edu,School of Business,University of Wisconsin,975 University Ave,Madison,WI 53706","institution_ids":["https://openalex.org/I135310074"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5080794957","display_name":"Jens Carsten Jackwerth","orcid":"https://orcid.org/0000-0002-7175-6871","observed_orcids":["https://orcid.org/0000-0002-7175-6871"]},"institutions":[{"id":"https://openalex.org/I189712700","display_name":"University of Konstanz","ror":"https://ror.org/0546hnb39","country_code":"DE","type":"education","lineage":["https://openalex.org/I189712700"]}],"countries":["DE"],"is_corresponding":false,"raw_author_name":"Jens Carsten Jackwerth","raw_affiliation_strings":["","University of Konstanz"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"","institution_ids":[]},{"raw_affiliation_string":"University of Konstanz","institution_ids":["https://openalex.org/I189712700"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5067997626","display_name":"Olga Kolokolova","orcid":"https://orcid.org/0000-0001-5698-5062","observed_orcids":["https://orcid.org/0000-0001-5698-5062"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Olga Kolokolova","raw_affiliation_strings":["","A&F Accounting & Finance"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"","institution_ids":[]},{"raw_affiliation_string":"A&F Accounting & Finance","institution_ids":[]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":{"value":3550,"currency":"USD","value_usd":3550},"apc_paid":null,"fwci":6.7118,"has_fulltext":false,"cited_by_count":40,"citation_normalized_percentile":{"value":0.96353571,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":93,"max":98},"biblio":{"volume":"49","issue":"3","first_page":"797","last_page":"815"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9951000213623047,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9951000213623047,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11903","display_name":"Private Equity and Venture Capital","score":0.001500000013038516,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10282","display_name":"Financial Risk and Volatility Modeling","score":0.000699999975040555,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/hedge-funds","display_name":"hedge funds","score":0.8209999799728394},{"id":"https://openalex.org/keywords/fund-of-funds","display_name":"fund of funds","score":0.8420000076293945},{"id":"https://openalex.org/keywords/portfolio-holdings","display_name":"portfolio holdings","score":0.7590000033378601},{"id":"https://openalex.org/keywords/fund-performance","display_name":"fund performance","score":0.625},{"id":"https://openalex.org/keywords/return-shocks","display_name":"return shocks","score":0.32600000500679016},{"id":"https://openalex.org/keywords/hedge-fund-returns","display_name":"hedge fund returns","score":0.38499999046325684}],"concepts":[{"id":"https://openalex.org/C204434749","wikidata":"https://www.wikidata.org/wiki/Q105611","display_name":"Hedge fund","level":2,"score":0.6990907192230225},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6585515141487122},{"id":"https://openalex.org/C2780821815","wikidata":"https://www.wikidata.org/wiki/Q5340806","display_name":"Portfolio","level":2,"score":0.544363796710968},{"id":"https://openalex.org/C43089589","wikidata":"https://www.wikidata.org/wiki/Q5570807","display_name":"Global assets under management","level":4,"score":0.5389305949211121},{"id":"https://openalex.org/C2781300812","wikidata":"https://www.wikidata.org/wiki/Q178061","display_name":"Shock (circulatory)","level":2,"score":0.5039262175559998},{"id":"https://openalex.org/C34375142","wikidata":"https://www.wikidata.org/wiki/Q1156684","display_name":"Fund of funds","level":3,"score":0.48097360134124756},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.36151421070098877},{"id":"https://openalex.org/C206757995","wikidata":"https://www.wikidata.org/wiki/Q1665188","display_name":"Institutional investor","level":3,"score":0.20787635445594788},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.07825466990470886},{"id":"https://openalex.org/C183582576","wikidata":"https://www.wikidata.org/wiki/Q184783","display_name":"Market liquidity","level":2,"score":0.0664513111114502},{"id":"https://openalex.org/C126322002","wikidata":"https://www.wikidata.org/wiki/Q11180","display_name":"Internal medicine","level":1,"score":0.0},{"id":"https://openalex.org/C71924100","wikidata":"https://www.wikidata.org/wiki/Q11190","display_name":"Medicine","level":0,"score":0.0}],"mesh":[],"locations_count":6,"locations":[{"id":"doi:10.1017/s0022109014000465","doi":"https://doi.org/10.1017/s0022109014000465","is_oa":false,"landing_page_url":"https://doi.org/10.1017/s0022109014000465","pdf_url":null,"source":{"id":"https://openalex.org/S193228710","display_name":"Journal of Financial and Quantitative Analysis","issn_l":"0022-1090","issn":["0022-1090","1756-6916"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-1","ft50","jufo-3","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310311721","host_organization_name":"Cambridge University Press","host_organization_lineage":["https://openalex.org/P4310311721","https://openalex.org/P4310311702"],"host_organization_lineage_names":["Cambridge University Press","University of Cambridge"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Financial and Quantitative Analysis","raw_type":"journal-article"},{"id":"pmh:oai::11641","doi":null,"is_oa":false,"landing_page_url":"https://mpra.ub.uni-muenchen.de/11641/1/MPRA_paper_11641.pdf","pdf_url":"https://mpra.ub.uni-muenchen.de/11641/1/MPRA_paper_11641.pdf","source":{"id":"https://openalex.org/S4306400553","display_name":"Munich Personal RePEc Archive (Ludwig Maximilian University of Munich)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I8204097","host_organization_name":"Ludwig-Maximilians-Universit\u00e4t M\u00fcnchen","host_organization_lineage":["https://openalex.org/I8204097"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":"","raw_type":"MPRA Paper"},{"id":"pmh:oai:RePEc:knz:cofedp:0809","doi":null,"is_oa":false,"landing_page_url":"http://cofe.uni-konstanz.de/Papers/dp08_09.pdf","pdf_url":"http://cofe.uni-konstanz.de/Papers/dp08_09.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"preprint"},{"id":"pmh:oai:RePEc:pra:mprapa:11641","doi":null,"is_oa":false,"landing_page_url":"https://mpra.ub.uni-muenchen.de/11641/1/MPRA_paper_11641.pdf","pdf_url":"https://mpra.ub.uni-muenchen.de/11641/1/MPRA_paper_11641.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:eprints.lancs.ac.uk:203624","doi":null,"is_oa":false,"landing_page_url":"https://eprints.lancs.ac.uk/id/eprint/203624/","pdf_url":null,"source":{"id":"https://openalex.org/S4306401916","display_name":"Lancaster EPrints (Lancaster University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I67415387","host_organization_name":"Lancaster University","host_organization_lineage":["https://openalex.org/I67415387"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Journal Article"},{"id":"pmh:oai:pure.atira.dk:openaire_cris_publications/c6da1c47-7af4-43e0-9816-48b698c3a3a2","doi":null,"is_oa":false,"landing_page_url":"https://research.manchester.ac.uk/en/publications/c6da1c47-7af4-43e0-9816-48b698c3a3a2","pdf_url":null,"source":{"id":"https://openalex.org/S4306400662","display_name":"Research Explorer (The University of Manchester)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I28407311","host_organization_name":"University of Manchester","host_organization_lineage":["https://openalex.org/I28407311"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Hodder, J E, Jackwerth, J C & Kolokolova, O 2014, 'Recovering Delisting Returns of Hedge Funds', Journal of Financial and Quantitative Analysis, vol. 49, no. 3, pp. 797-815. https://doi.org/10.1017/S0022109014000465","raw_type":"info:eu-repo/semantics/article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"score":0.550000011920929,"display_name":"No poverty","id":"https://metadata.un.org/sdg/1"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":22,"referenced_works":["https://openalex.org/W1593748280","https://openalex.org/W2014165366","https://openalex.org/W2038601479","https://openalex.org/W2039352825","https://openalex.org/W2091637085","https://openalex.org/W2101434526","https://openalex.org/W2101833972","https://openalex.org/W2105177794","https://openalex.org/W2107539208","https://openalex.org/W2120439672","https://openalex.org/W2124149877","https://openalex.org/W2892288797","https://openalex.org/W3022606520","https://openalex.org/W3121964130","https://openalex.org/W3122040857","https://openalex.org/W3122905682","https://openalex.org/W3124596318","https://openalex.org/W3124609274","https://openalex.org/W3124792793","https://openalex.org/W3125465136","https://openalex.org/W3125500800","https://openalex.org/W3125521874"],"related_works":["https://openalex.org/W1991644260","https://openalex.org/W3125098629","https://openalex.org/W2081451361","https://openalex.org/W7096935412","https://openalex.org/W7164989771","https://openalex.org/W3125671842","https://openalex.org/W3123983181","https://openalex.org/W7097404102","https://openalex.org/W4249996640","https://openalex.org/W3197162797"],"abstract_inverted_index":{"Abstract":[0],"Numerous":[1],"hedge":[2,56],"funds":[3,59],"stop":[4],"reporting":[5],"each":[6],"year":[7],"to":[8,30,84,94],"commercial":[9],"databases,":[10],"wreaking":[11],"havoc":[12],"with":[13,60],"analyzing":[14],"investment":[15],"strategies":[16],"that":[17,81],"incur":[18],"the":[19,41,50,90],"unobserved":[20],"delisting":[21,35,44,68,76],"return.":[22],"We":[23],"use":[24],"estimated":[25,33,42,74],"portfolio":[26],"holdings":[27],"for":[28,54],"funds-of-funds":[29],"back":[31],"out":[32],"hedge-fund":[34],"returns.":[36],"For":[37],"all":[38],"exiting":[39],"funds,":[40],"mean":[43,75],"return":[45,53,77],"is":[46],"insignificantly":[47],"different":[48],"from":[49],"average":[51],"monthly":[52],"live":[55],"funds.":[57],"However,":[58],"poor":[61],"prior":[62],"performance":[63],"and":[64,92],"no":[65],"clearly":[66],"stated":[67],"reason":[69],"had":[70],"a":[71,82],"significantly":[72],"negative":[73],"of":[78],"-5.97%,":[79],"suggesting":[80],"shock":[83],"their":[85],"returns":[86],"\u201ctips":[87],"them":[88],"over":[89],"edge\u201d":[91],"leads":[93],"delisting.":[95]},"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2025,"cited_by_count":3},{"year":2024,"cited_by_count":4},{"year":2023,"cited_by_count":3},{"year":2022,"cited_by_count":2},{"year":2019,"cited_by_count":3},{"year":2018,"cited_by_count":4},{"year":2017,"cited_by_count":3},{"year":2016,"cited_by_count":3},{"year":2015,"cited_by_count":2},{"year":2014,"cited_by_count":3},{"year":2013,"cited_by_count":3},{"year":2012,"cited_by_count":3}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2016-06-24T00:00:00"}
