Brian Reid, Investment Company Institute: Two theses are often put forth on investors and their behavior. The first is that stock fund investors herd, or copy one another. The second is that there is something fundamentally different about investing in a fund compared to investing directly in securities, and that there may be a first-mover advantage.
Two Investor Behavior Theses
Carlson Capital's Black Diamond Arbitrage fund is up 5.77% for the first eight months of the year, including a 1.72% return for August. Last year, the fund returned 2.39% for the whole year. Q3 2021 hedge fund letters, conferences and more The fund consists of merger arbitrage mainly consisting of signed or "rate of return" Read More