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Showing results 21 to 34 of 34
  Mutual Funds’ Returns from Providing Liquidity and Costs of ImmediacyRinne, Kalle  ; Suominen, Matti E-print/Working paper (2014) We present evidence that some mutual funds systematically act as contrarian traders, and earn returns in the stock market by providing liquidity to investors that demand immediacy, while others ... [more ▼] We present evidence that some mutual funds systematically act as contrarian traders, and earn returns in the stock market by providing liquidity to investors that demand immediacy, while others systematically realize costs of immediacy. On average, the mutual funds’ costs of immediacy exceed their returns from providing liquidity. The funds with outflows, flows that correlate with industry flows, high market beta funds, and funds highly exposed to the momentum strategy suffer the most in costs of immediacy. The mutual funds’ average underperformance can be explained with their costs of immediacy. Finally, the funds’ historical costs of immediacy predict their alphas. [less ▲] Detailed reference viewed: 41 (3 UL) Do open-market repurchases supply or demand immediacy?Rinne, Kalle Scientific Conference (2013, December) Detailed reference viewed: 25 (2 UL)Aktive Fonds sind besser als ihr RufRinne, Kalle Article for general public (2013) Detailed reference viewed: 71 (3 UL)Do open-market repurchases supply or demand immediacy?Rinne, Kalle Scientific Conference (2013) Detailed reference viewed: 25 (6 UL)Do Mutual Funds Supply or Demand Immediacy?Rinne, Kalle ; Suominen, Matti Scientific Conference (2013) Detailed reference viewed: 82 (9 UL)Do Mutual Funds Supply or Demand Immediacy?Rinne, Kalle ; Suominen, Matti Scientific Conference (2013) Detailed reference viewed: 93 (5 UL)How Some Bankers Made a Million by Trading Just Two Securities?Rinne, Kalle ; Suominen, Matti Scientific Conference (2012) Detailed reference viewed: 107 (2 UL)Do open-market repurchases supply or demand immediacy?Rinne, Kalle Scientific Conference (2012) Detailed reference viewed: 27 (9 UL)Do open-market repurchases supply or demand immediacy?Rinne, Kalle Scientific Conference (2012) Detailed reference viewed: 29 (8 UL)Do open-market repurchases supply or demand immediacy?Rinne, Kalle Scientific Conference (2012) Detailed reference viewed: 23 (4 UL)A Structural Model of Short-Term ReversalsRinne, Kalle ; Suominen, Matti Scientific Conference (2012) Detailed reference viewed: 145 (9 UL)A Structural Model of Short-term ReversalsRinne, Kalle ; Scientific Conference (2012) Detailed reference viewed: 80 (1 UL)Do Hedge Funds Supply or Demand Immediacy?; Rinne, Kalle ; Scientific Conference (2012) Detailed reference viewed: 73 (0 UL)Mutual Funds’ Returns from Providing Liquidity and Costs of ImmediacyRinne, Kalle ; Presentation (2012) Detailed reference viewed: 26 (0 UL)
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