By Seth Anderson,Jeffery A. Born,Oliver Schnusenberg

"Closed-End money, Exchange-Traded money, and Hedge money: Origins, services, and Literature is a concise and beneficial booklet that would be of curiosity to person traders, monetary pros, and educational researchers, alike. It offers a short historical past and institutional dialogue of those funding businesses and in addition provides a precis of the study on those money. funding practitioners will locate the publication valuable as a reference and as a short refresher at the present nation of information concerning each one fund kind. both vital, it offers educational researchers with a correct institutional framework during which to solid their theoretical versions, and some degree of departure for increasing the empirical research for bettering our figuring out of those cash. All-in-all, it is a very precious ebook; I hugely suggest it." (John J. Jackson, Professor of Economics, Auburn University)


"Professors Anderson, Born, and Schnusenberg offer a worthy provider during this monograph. the sensible value of closed-end cash, exchange-traded cash, and hedge cash has elevated dramatically lately, yet all too many teachers and traders understand little approximately them. this article offers a carefully-focused and comprehensible description of those funding automobiles, highlighting the massive, unresolved questions, whereas additionally together with cautious and reasonable debts of the kingdom of the literature. not anything extraneous clutters the presentation, yet, extra importantly, not anything important is skipped over. hugely recommended." (T. Randolph Beard, Professor of Economics and Public coverage, Auburn University)


"This publication is either necessary as a reference ebook and as an additive, academic evaluate of ETFs and hedge cash, in addition to CEFs. In today’s tumultuous markets, a lot reference is made to those topics with no transparent knowing of the automobiles, their constitution and their historical past. it is a very well timed booklet and will be seen as an immense learn. The booklet comprises definitive reasons and in addition comprises a very good precis of prior works during this quarter. Readable, informative and hugely priceless as a reference source." (Kathleen A. Wayner, President and CEO, Bowling Portfolio Management)

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Closed-End Funds, Exchange-Traded Funds, and Hedge Funds: Origins, Functions, and Literature: 18 (Innovations in Financial Markets and Institutions) by Seth Anderson,Jeffery A. Born,Oliver Schnusenberg


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