Events

Hiding in Plain Sight: The Global Implications of Manager Disclosure (joint with Richard Evans, Miguel Ferreira, and Pedro Matos)

Securities Lending and Trading by Active and Passive Funds Abstract I study the market for lending and borrowing securities in the United States. I find that by making securities available for borrowing, mutual funds acquire information about short selling, which they exploit for trading. Funds with discretion in their investment Read more…