The Role of Hedge Funds in Security Price Formation Process

What do we know about the role of hedge funds in capital markets? Do they bring the economy closer to an efficient allocation of resources, and asset prices reflective of fundamentals? Under what circumstances, if any, do they dampen or amplify the consequences of economic shocks?
 
presented by
 
William Goetzmann
Director  of the International Center for Finance at the Yale School of Management and Edwin J. Beinecke Professor of Finance and Management Studies, Yale School of  Management
 
 
discussion introduced by
 
Emmanuel Boussard
CEO, Boussard & Gavaudan
 

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