Antti Petajisto of Yale University, CT (YU) with expertise in: Econometrics, Financial Economics and Statistics. Read 13 publications, and contact Antti Petajisto. ANTTI PETAJISTO. Leonard N. Stern School of Business. New York University. 44 West 4th Street, Suite New York, NY Antti Petajisto is portfolio manager at LMR Partners, London. Related Topics. Portfolio Management · Mutual Funds, Pooled Funds, and Exchange-Traded Funds.
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New articles related to this author’s research. The Journal of Alternative Investments Vol.
When Benchmark Indices Have Alpha: Table of Contents Index by author. Journal of Financial and Quantitative Analysis 44 5, Consumption Taxes and Corporate Investment. Verified email at sloan. Nonindex funds with the lowest Active Share underperform their benchmarks. Should benchmark indices have alpha? Oxford University Press is a department of the University of Oxford. The Elusive Benefits of Protective Puts. Thank you for your interest in spreading the word on The Journal of Alternative Investments.
This article requires a subscription to view the full text. Further, their model explains documented empirical findings on career development of successful fund pegajisto and on risk- taking in hedge funds.
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Antti Petajisto, Ph.D
If you have a subscription you may use the login form below to view the article. Skip to main content. Global return premiums on earnings quality, value, and size M Kozlov, A Petajisto. We compute Active Share for domestic equity mutual funds from to Jussi Keppo and Antti Petajisto. To purchase short term access, please sign in to your Oxford Academic account above. Their calibration shows that a moderately skilled active manager is approximately equally attractive to investors as a mutual fund manager or a hedge fund manager is, showing that both investment vehicles can coexist as efficient alternatives to investors.
Forgot your user name or password? Email address for updates. What is the true cost of active management? You could not be signed in. No citing articles found. Citing articles via Web of Science A hedge fund takes both long and short positions and uses leverage, which makes the active positions cheaper, but this can be offset by the expected incentive fees, especially for more volatile funds. If you originally registered with a username please use that to sign in.
In this article, the authors investigate the trade-offs from the perspective of a fund investor choosing between a mutual fund and a hedge fund, examining the impact of leverage, volatility, Active Share, nominal fees, and alpha for a realistic range of parameter estimates. New articles by this author. Email alerts New issue alert. Jussi KeppoAntti Petajisto. Selection of an optimal index rule for an index fund A Petajisto.
Deal Pricing and Returns in Private Equity. Receive exclusive offers and updates from Oxford Academic.
A comparison of hedge funds and mutual funds J Keppo, A Petajisto. G10 – General JEL: The following articles are merged in Scholar.