Innovations in Financial Markets and Institutions

Closed-End Funds, Exchange-Traded Funds, and Hedge Funds

Origins, Functions, and Literature

Authors: Anderson, Seth, Born, Jeffery, Schnusenberg, Oliver

  • Examines closed-end funds, exchange-traded funds, and hedge funds
  • Includes analyses of all academic works to date in the area of exchange-traded and hedge funds
  • Updates the analysis of academic literature on closed-end funds
  • Presents a treatment of exchange-traded funds and an analysis of this literature
  • Presents a treatment of hedge funds and an analysis of this literature
see more benefits

Buy this book

eBook $109.00
price for USA (gross)
  • ISBN 978-1-4419-0168-2
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $139.00
price for USA
  • ISBN 978-1-4419-0167-5
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $139.00
price for USA
  • ISBN 978-1-4614-2458-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

Closed-End Funds, Exchange-Traded Funds, and Hedge Funds: Origins, Functions, and Literature is a concise and valuable book that will be of interest to individual investors, financial professionals, and academic researchers, alike. It provides a brief history and institutional discussion of these investment companies and also presents a summary of the research on these funds. Investment practitioners will find the book useful as a reference and as a quick refresher on the current state of knowledge regarding each fund type. Equally important, it provides academic researchers with an accurate institutional framework within which to cast their theoretical models, and a point of departure for expanding the empirical analysis for improving our understanding of these funds. All-in-all, this is a very valuable book; I highly recommend it.
John J. Jackson
Professor of Economics
Auburn University

Professors Anderson, Born, and Schnusenberg provide a valuable service in this monograph. The practical significance of closed-end funds, exchange-traded funds, and hedge funds has increased dramatically in recent years, but all too many academics and investors know little about them. This text presents a carefully-focused and understandable description of these investment vehicles, highlighting the big, unresolved questions, while also including careful and fair accounts of the state of the literature. Nothing extraneous clutters the presentation, but, more importantly, nothing necessary is left out. Highly recommended.
T. Randolph Beard
Professor of Economics and Public Policy
Auburn University

This book is both useful as a reference book and as an additive, educational overview of ETFs and hedge funds, as well as CEFs. In today’s tumultuous markets, much reference is made to these subjects without a clear understanding of the vehicles, their structure and their history. This is a very timely publication and should be viewed as an important read. The book contains definitive explanations and also includes an excellent summary of past works in this area. Readable, informative and highly useful as a reference source.
Kathleen A. Wayner
President and CEO
Bowling Portfolio Management

About the authors

Seth Anderson is a Professor of Finance with expertise in Investments/International Finance at Tuskegee University. He has served as a research consultant for several large pension plans including EIDupont. He also served as an expert witness work in the area of portfolio management. He is the author of Investment Management and Mismanagement: History, Findings, and Analysis, Mutual Funds: Fifty Years of Research Findings, Closed-End Fund Pricing: Theories and Evidence, Initial Public Offerings: Findings and Theories, and Closed End Investment Companies: Issues and Answers. He has also authored more than forty articles published in Journal of Financial Research, Financial Services Review, Journal of Behavioral Economics, Financial Analysts Journal, Journal of Portfolio Management among others. His research findings have been cited in Barron’s, Business Week, CBS Radio News, Forbes, Money, Mutual Fund Magazine, The Wall Street Journal, and other national and local media.

Table of contents (6 chapters)

  • Introduction

    Anderson, Seth C. (et al.)

    Pages 1-2

  • Characteristics of Investment Companies

    Anderson, Seth C. (et al.)

    Pages 3-6

  • A Brief History of Investment Companies

    Anderson, Seth C. (et al.)

    Pages 7-12

  • Closed-End Funds Issues and Studies

    Anderson, Seth C. (et al.)

    Pages 13-73

  • Exchange-Traded Funds: Issues and Studies

    Anderson, Seth C. (et al.)

    Pages 75-85

Buy this book

eBook $109.00
price for USA (gross)
  • ISBN 978-1-4419-0168-2
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $139.00
price for USA
  • ISBN 978-1-4419-0167-5
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $139.00
price for USA
  • ISBN 978-1-4614-2458-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Loading...

Recommended for you

Loading...

Bibliographic Information

Bibliographic Information
Book Title
Closed-End Funds, Exchange-Traded Funds, and Hedge Funds
Book Subtitle
Origins, Functions, and Literature
Authors
Series Title
Innovations in Financial Markets and Institutions
Series Volume
18
Copyright
2010
Publisher
Springer US
Copyright Holder
Springer-Verlag US
eBook ISBN
978-1-4419-0168-2
DOI
10.1007/978-1-4419-0168-2
Hardcover ISBN
978-1-4419-0167-5
Softcover ISBN
978-1-4614-2458-1
Edition Number
1
Number of Pages
X, 140
Topics