Tag Archives: Stephen Brown

Prof. Stephen Brown on why many fund managers didn’t anticipate Tesla’s high value

The following is an excerpt from Reuters: “Shares of Tesla Motors Inc have soared more than 410 percent this year as the electric car maker, run by billionaire Elon Musk, beat Wall Street’s earnings estimates and forced hedge fund managers who had shorted the … Continue reading

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Stephen Brown’s Research on the Dow Theory is Featured

NYU Stern Professor Stephen Brown’s research on the Dow Theory was featured by the Wall Street Journal’s, Market Watch. Brown, along with two finance professors, William Goetzmann of Yale University, and Alok Kumar of the University of Miami analyzed over … Continue reading

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Operational Due Diligence in Hedge Funds: A Source of Alpha?

Professor of Finance Stephen Brown discusses the importance of due diligence to mitigate operational risk in hedge funds. He concludes that operational due diligence is a source of alpha, and his research determines that “operational risk is more predictive of … Continue reading

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Wealthy Investors Stick To Hedge Funds Even With 3.4% Returns

Professor Stephen Brown says wealthy investors who can afford to are more likely to put  money directly in hedge funds instead of going through fund of funds since some fund of funds were tainted by scandal related to Bernard L. … Continue reading

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Funds of Funds May Actually Increase Risk, Study Finds

Professor Steve Brown says tail risk increases with excess diversification. Ever since the financial crisis, the fund of hedge funds model has been under fire. Such firms, which sells baskets of hedge funds to investors, charge too much, investors have … Continue reading

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