Liquidity Restrictions on Investment Funds: Are they a Response to Behavioral Bias?

Liquidity Restrictions on Investment Funds: Are they a Response to Behavioral Bias?

Liquidity constraints imposed to shareholders of investment funds, also known as lock-up periods, represent an alternative that managers can use to implement and maintain long-term strategies. The academic literature suggests that, as a result of liquidity constraints, funds should deliver a premium...

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Bibliographic Details
Main Authors: Rodrigo Fernandes Malaquias, Gleison de Abreu Pontes
Format: Article
Language:English
Published: FUCAPE Business School 2018-01-01
Series:BBR: Brazilian Business Review
Subjects:
multimarket funds
market efficiency
market anomalies
Online Access:http://www.redalyc.org/articulo.oa?id=123056181005

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