Hedge Funds

Working Paper

Where Do Institutional Investors Seek Shelter when Disaster Strikes? Evidence from COVID-19

Institutional investors played a crucial role in the COVID-19 market crash. U.S. stocks with higher institutional ownership -- in particular, those held more by active, short-term, and domestic institutions -- performed worse. An analysis of...Read more

Simon Glossner
Pedro Matos
Stefano Ramelli
Alexander Wagner
27 July 2020

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