Closed-End Funds, Exchange-Traded Funds, and Hedge Funds

Origins, Functions, and Literature

  • Seth Anderson
  • Jeffery A. Born
  • Oliver Schnusenberg

Part of the Innovations in Financial Markets and Institutions book series (IFMI, volume 18)

Table of contents

  1. Front Matter
    Pages i-x
  2. Seth C. Anderson, Jeffery A. Born, Oliver Schnusenberg
    Pages 1-2
  3. Seth C. Anderson, Jeffery A. Born, Oliver Schnusenberg
    Pages 3-6
  4. Seth C. Anderson, Jeffery A. Born, Oliver Schnusenberg
    Pages 7-12
  5. Seth C. Anderson, Jeffery A. Born, Oliver Schnusenberg
    Pages 13-73
  6. Seth C. Anderson, Jeffery A. Born, Oliver Schnusenberg
    Pages 75-85
  7. Seth C. Anderson, Jeffery A. Born, Oliver Schnusenberg
    Pages 87-103
  8. Back Matter
    Pages 105-128

About this book

Introduction

Closed-End Funds, Exchange-Traded Funds, and Hedge Funds: Origins, Functions, and Literature is a concise and valuable book that will be of interest to individual investors, financial professionals, and academic researchers, alike. It provides a brief history and institutional discussion of these investment companies and also presents a summary of the research on these funds. Investment practitioners will find the book useful as a reference and as a quick refresher on the current state of knowledge regarding each fund type. Equally important, it provides academic researchers with an accurate institutional framework within which to cast their theoretical models, and a point of departure for expanding the empirical analysis for improving our understanding of these funds. All-in-all, this is a very valuable book; I highly recommend it.
John J. Jackson
Professor of Economics
Auburn University

Professors Anderson, Born, and Schnusenberg provide a valuable service in this monograph. The practical significance of closed-end funds, exchange-traded funds, and hedge funds has increased dramatically in recent years, but all too many academics and investors know little about them. This text presents a carefully-focused and understandable description of these investment vehicles, highlighting the big, unresolved questions, while also including careful and fair accounts of the state of the literature. Nothing extraneous clutters the presentation, but, more importantly, nothing necessary is left out. Highly recommended.
T. Randolph Beard
Professor of Economics and Public Policy
Auburn University

This book is both useful as a reference book and as an additive, educational overview of ETFs and hedge funds, as well as CEFs. In today’s tumultuous markets, much reference is made to these subjects without a clear understanding of the vehicles, their structure and their history. This is a very timely publication and should be viewed as an important read. The book contains definitive explanations and also includes an excellent summary of past works in this area. Readable, informative and highly useful as a reference source.
Kathleen A. Wayner
President and CEO
Bowling Portfolio Management

Keywords

Exchange Trade Funds Exchange Traded Funds Hedge Fund Hedge Funds Investment Portfolio Portfolio Management

Authors and affiliations

  • Seth Anderson
    • 1
  • Jeffery A. Born
    • 2
  • Oliver Schnusenberg
    • 3
  1. 1.Coggin College of BusinessUniversity of North FloridaJacksonvilleU.S.A.
  2. 2.College of Business AdministrationNortheastern UniversityBostonU.S.A.
  3. 3.JacksonvilleU.S.A.

Bibliographic information

  • DOI https://doi.org/10.1007/978-1-4419-0168-2
  • Copyright Information Springer-Verlag US 2010
  • Publisher Name Springer, Boston, MA
  • eBook Packages Business and Economics
  • Print ISBN 978-1-4419-0167-5
  • Online ISBN 978-1-4419-0168-2
  • About this book