Bing Liang

University of Massachusetts Amherst - Department of Finance

Amherst, MA 01003

United States

SCHOLARLY PAPERS

35

DOWNLOADS
Rank 290

SSRN RANKINGS

Top 290

in Total Papers Downloads

42,759

CITATIONS
Rank 789

SSRN RANKINGS

Top 789

in Total Papers Citations

657

Scholarly Papers (35)

1.
Downloads 4,529 ( 1,239)
Citation 46

Fees on Fees in Funds of Funds

Yale ICF Working Paper No. 02-33
Number of pages: 40 Posted: 01 Oct 2002
New York University - Stern School of Business, Yale School of Management - International Center for Finance and University of Massachusetts Amherst - Department of Finance
Downloads 4,166 (1,410)
Citation 46

Abstract:

Fees on Fees in Funds of Funds

NBER Working Paper No. w9464
Number of pages: 31 Posted: 02 Feb 2003
New York University - Stern School of Business, Yale School of Management - International Center for Finance and University of Massachusetts Amherst - Department of Finance
Downloads 165 (143,160)
Citation 46

Abstract:

Fees on Fees in Funds of Funds

NYU Working Paper No. SC-AM-02-06
Number of pages: 31 Posted: 13 Nov 2008
New York University - Stern School of Business, Yale School of Management - International Center for Finance and University of Massachusetts Amherst - Department of Finance
Downloads 93 (224,012)
Citation 45

Abstract:

Fees on Fees in Funds of Funds

NYU Working Paper No. FIN-02-031
Number of pages: 31 Posted: 03 Nov 2008
New York University - Stern School of Business, Yale School of Management - International Center for Finance and University of Massachusetts Amherst - Department of Finance
Downloads 59 (292,804)
Citation 45

Abstract:

Fees on Fees in Funds of Funds

NYU Working Paper No. S-DRP-04-01
Number of pages: 39 Posted: 05 Nov 2008
New York University - Stern School of Business, Yale School of Management - International Center for Finance and University of Massachusetts Amherst - Department of Finance
Downloads 46 (329,553)
Citation 45

Abstract:

Fees on Fees in Funds of Funds

Journal of Investment Management, Vol. 2, No. 4, Fourth Quarter 2004
Posted: 10 Dec 2004
New York University - Stern School of Business, Yale School of Management - International Center for Finance and University of Massachusetts Amherst - Department of Finance

Abstract:

Hedge funds, funds-of-funds, incentive fees

Hedge Fund Due Diligence: A Source of Alpha in a Hedge Fund Portfolio Strategy

Number of pages: 21 Posted: 30 Sep 2007 Last Revised: 11 Sep 2009
New York University - Stern School of Business, Attorney in New York City and University of Massachusetts Amherst - Department of Finance
Downloads 3,887 (1,577)
Citation 18

Abstract:

Hedge funds, operational risk, due diligence, alpha

Hedge Fund Due Diligence: A Source of Alpha in a Hedge Fund Portfolio Strategy

NYU Working Paper No. FIN-07-032
Number of pages: 21 Posted: 13 Nov 2008
New York University - Stern School of Business, Attorney in New York City and University of Massachusetts Amherst - Department of Finance
Downloads 560 (36,393)
Citation 18

Abstract:

Hedge funds, operational risk, due diligence, alpha

3.

On the Performance of Hedge Funds

Number of pages: 41 Posted: 17 Jun 1998
Bing Liang
University of Massachusetts Amherst - Department of Finance
Downloads 4,303 (1,170)
Citation 107

Abstract:

4.
Downloads 3,089 ( 2,428)
Citation 18

Trust and Delegation

Number of pages: 43 Posted: 17 Aug 2009 Last Revised: 20 May 2011
New York University - Stern School of Business, Yale School of Management - International Center for Finance, University of Massachusetts Amherst - Department of Finance and University of California at Irvine
Downloads 2,842 (2,776)
Citation 18

Abstract:

Hedge Funds, Operational Risk, Due Diligence

Trust and Delegation

NYU Working Paper No. FIN-09-016
Number of pages: 43 Posted: 09 Nov 2009 Last Revised: 16 Feb 2012
New York University - Stern School of Business, Yale School of Management - International Center for Finance, University of Massachusetts Amherst - Department of Finance and University of California at Irvine
Downloads 214 (112,028)
Citation 18

Abstract:

Trust and Delegation

NBER Working Paper No. w15529
Number of pages: 47 Posted: 24 Nov 2009
New York University - Stern School of Business, Yale School of Management - International Center for Finance, University of Massachusetts Amherst - Department of Finance and University of California at Irvine
Downloads 33 (375,336)
Citation 18

Abstract:

Mandatory Disclosure and Operational Risk: Evidence from Hedge Fund Registration

Journal of Finance, Forthcoming, Yale ICF Working Paper No. 06-15
Number of pages: 55 Posted: 21 Jul 2006 Last Revised: 11 Sep 2009
New York University - Stern School of Business, Yale School of Management - International Center for Finance, University of Massachusetts Amherst - Department of Finance and University of California at Irvine
Downloads 2,632 (3,163)
Citation 41

Abstract:

Hedge funds, operational risk, SEC filing, Form ADV

Mandatory Disclosure and Operational Risk: Evidence from Hedge Fund Registration

NYU Working Paper No. FIN-07-031
Number of pages: 55 Posted: 13 Nov 2008
New York University - Stern School of Business, Yale School of Management - International Center for Finance, University of Massachusetts Amherst - Department of Finance and University of Massachusetts Amherst
Downloads 183 (130,297)
Citation 41

Abstract:

Hedge funds, operational risk, SEC filing, Form ADV

6.

Estimating Operational Risk for Hedge Funds: The ω-Score

Yale ICF Working Paper No. 08-08
Number of pages: 23 Posted: 25 Jan 2008 Last Revised: 11 Sep 2009
New York University - Stern School of Business, Yale School of Management - International Center for Finance, University of Massachusetts Amherst - Department of Finance and University of California at Irvine
Downloads 2,787 (2,815)
Citation 11

Abstract:

mutual funds, hedge funds, investments, the Omega Score

7.

Do Hedge Funds Have Enough Capital? A Value-at-Risk Approach

EFA 2003 Annual Conference Paper No. 376
Number of pages: 40 Posted: 03 Aug 2003
Anurag Gupta and Bing Liang
Case Western Reserve University - Department of Banking & Finance and University of Massachusetts Amherst - Department of Finance
Downloads 2,558 (3,251)
Citation 32

Abstract:

Hedge funds, Value-at-Risk, Capital adequacy, Extreme value theory, Monte Carlo simulation.

8.

On the Performance of Alternative Investments: CTAs, Hedge Funds, and Funds-of-Funds

Number of pages: 59 Posted: 23 Apr 2003
Bing Liang
University of Massachusetts Amherst - Department of Finance
Downloads 2,306 (3,690)
Citation 43

Abstract:

9.

Hedge Funds: The Living and the Dead

Number of pages: 39 Posted: 13 Apr 2000
Bing Liang
University of Massachusetts Amherst - Department of Finance
Downloads 1,872 (5,549)
Citation 147

Abstract:

10.

Predicting Hedge Fund Failure: A Comparison of Risk Measures

Number of pages: 46 Posted: 30 Apr 2007 Last Revised: 11 Sep 2009
Bing Liang and Hyuna Park
University of Massachusetts Amherst - Department of Finance and Brooklyn College - CUNY
Downloads 1,737 (6,202)
Citation 11

Abstract:

hedge fund failure, downside risk, expected shortfall, VaR, attrition rate

11.

Do Market Timing Hedge Funds Time the Market?

Journal of Financial and Quantitative Analysis (JFQA), Vol. 42, No. 4, 2007, EFA 2005 Moscow Meetings
Number of pages: 47 Posted: 18 Mar 2005 Last Revised: 19 Apr 2010
Yong Chen and Bing Liang
Texas A&M University - Department of Finance and University of Massachusetts Amherst - Department of Finance
Downloads 1,609 (7,002)
Citation 35

Abstract:

Hedge funds, Return timing, Volatility timing, Bootstrap, Persistence

12.

Can Hedge Funds Time Market Liquidity?

Journal of Financial Economics (JFE), Forthcoming, AFA 2013 San Diego Meetings Paper
Number of pages: 55 Posted: 22 Jan 2010 Last Revised: 18 Feb 2015
Pennsylvania State University, Texas A&M University - Department of Finance, University of Massachusetts Amherst - Department of Finance and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 1,397 (9,556)
Citation 23

Abstract:

Hedge funds, liquidity timing, investment value, liquidity reaction, performance persistence

13.
Downloads 1,333 ( 10,335)
Citation 17

Risk Measures for Hedge Funds: A Cross-Sectional Approach

European Financial Management Journal, Forthcoming
Number of pages: 54 Posted: 17 May 2006
Bing Liang and Hyuna Park
University of Massachusetts Amherst - Department of Finance and Brooklyn College - CUNY
Downloads 1,311 (10,415)
Citation 17

Abstract:

hedge funds, cross-section of expected returns, conditional VaR, downside risk, Cornish-Fisher expansion

Risk Measures for Hedge Funds: A Cross-Sectional Approach

European Financial Management, Vol. 13, No. 2, pp. 333-370, March 2007
Number of pages: 38 Posted: 04 Mar 2007
Bing Liang and Hyuna Park
University of Massachusetts Amherst - Department of Finance and Brooklyn College - CUNY
Downloads 22 (428,502)
Citation 17

Abstract:

14.

Risk Management Research Report - Spring 2010

Risk Management Research Report, Spring 2010
Number of pages: 16 Posted: 23 Apr 2010
HEC Paris - Finance Department, affiliation not provided to SSRN, University of Massachusetts Amherst - Department of Finance, Brooklyn College - CUNY, Drexel University, Loyola Marymount University - Department of Finance and Computer Information Systems, University of Rochester - Simon Business School, Temple University - Department of Finance, Southern Illinois University at Edwardsville - Department of Economics & Finance, University of California, Santa Barbara - Department of Economics, University of California, San Diego (UCSD) - Rady School of Management, University of Utah - David Eccles School of Business, Purdue University - Krannert School of Management, HEC Paris - Finance Department, Harvard Law School, Massachusetts Institute of Technology (MIT) - Sloan School of Management, New York University (NYU) - Department of Finance, Department of Economics, Texas A&M University, Texas A&M University - Department of Economics, International Food Policy Research Institute (IFPRI), IMD International, University of Georgia - Department of Banking and Finance, Southern Methodist University (SMU) - Edwin L. Cox School of Business, Pennsylvania State University, Smeal College of Business, University of California at Los Angeles - Anderson School of Management, Columbia Business School - Accounting, Business Law & Taxation, University of South Florida - College of Business Administration, Gabelli School of Business, Fordham University, New York University (NYU) - Department of Finance, Gabelli School of Business, Fordham University and Loyola University of Chicago - Department of Finance
Downloads 1,220 (11,029)

Abstract:

Risk, Risk Management, Derivatives, Corporate Governance, Financial Derivatives, Value-At-Risk, VaR, Ethics, Volatility, Variance, Standard Deviation, Systemic, Systematic

15.

Value at Risk and the Cross-Section of Hedge Fund Returns

EFA 2005 Moscow Meetings
Number of pages: 49 Posted: 18 Mar 2005
Turan G. Bali, Suleyman Gokcan and Bing Liang
Georgetown University - Robert Emmett McDonough School of Business, Citigroup Alternative Investments and University of Massachusetts Amherst - Department of Finance
Downloads 1,061 (14,250)
Citation 33

Abstract:

hedge funds, value at risk, cross-section of expected returns, liquidity

16.

Onshore and Offshore Hedge Funds: Are They Twins?

Number of pages: 42 Posted: 06 Mar 2007 Last Revised: 27 Jan 2011
George O. Aragon, Bing Liang and Hyuna Park
Arizona State University (ASU) - Finance Department, University of Massachusetts Amherst - Department of Finance and Brooklyn College - CUNY
Downloads 799 (21,253)
Citation 10

Abstract:

offshore hedge funds, lock-up provision, liquidity risk, master-feeder structure

17.

The "Dartboard" Column: The Pros, the Darts, and the Market

Number of pages: 38 Posted: 27 Nov 1996
Bing Liang
University of Massachusetts Amherst - Department of Finance
Downloads 770 (22,707)

Abstract:

18.
Downloads 502 ( 42,534)
Citation 1

Hedge Fund Holdings and Stock Market Efficiency

FEDS Working Paper No. 2014-36
Number of pages: 61 Posted: 25 May 2014
Pennsylvania State University, University of Massachusetts Amherst - Department of Finance, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Federal Reserve Board
Downloads 400 (55,850)
Citation 1

Abstract:

Hedge funds, institutional investors, market efficiency

Hedge Fund Holdings and Stock Market Efficiency

Number of pages: 62 Posted: 14 Jun 2016
Pennsylvania State University, University of Massachusetts Amherst - Department of Finance, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Federal Reserve Board
Downloads 102 (210,214)
Citation 1

Abstract:

hedge funds, institutional investors, equity holdings, market efficiency, liquidity crises

Hedge Fund Returns: Auditing and Accuracy

Number of pages: 30 Posted: 09 Mar 2007
Bing Liang
University of Massachusetts Amherst - Department of Finance
Downloads 438 (49,980)
Citation 26

Abstract:

auditing effectiveness, return consistency

Hedge Fund Returns: Auditing and Accuracy

Posted: 10 Oct 2002
Bing Liang
University of Massachusetts Amherst - Department of Finance

Abstract:

hedge funds, auditing, return accuracy

20.

Is Pay for Performance Effective? Evidence from the Hedge Fund Industry

Number of pages: 44 Posted: 26 Jan 2009 Last Revised: 07 Mar 2011
Bing Liang and Christopher Schwarz
University of Massachusetts Amherst - Department of Finance and University of California at Irvine
Downloads 286 (76,937)
Citation 2

Abstract:

Hedge funds, closed to investment, compensation

21.

Estimating Operational Risk for Hedge Funds: The É-Score

NYU Working Paper No. FIN-08-001
Number of pages: 23 Posted: 09 Mar 2009
New York University - Stern School of Business, Yale School of Management - International Center for Finance, University of Massachusetts Amherst - Department of Finance and University of Massachusetts Amherst
Downloads 263 (89,152)
Citation 11

Abstract:

22.

Portfolio Formation, Measurement Errors, and Beta Shifts: A Random Sampling Approach?

Number of pages: 45 Posted: 03 Dec 2004
Bing Liang
University of Massachusetts Amherst - Department of Finance
Downloads 243 (96,817)
Citation 3

Abstract:

23.

What Is the Nature of Hedge Fund Manager Skills? Evidence from the Risk Arbitrage Strategy

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 56 Posted: 20 Apr 2012 Last Revised: 01 Aug 2014
Pennsylvania State University, Miami University, University of Massachusetts Amherst - Department of Finance and Federal Reserve Board
Downloads 228 (67,154)

Abstract:

Hedge funds, hedge fund holdings, performance evaluation, risk arbitrage strategy

24.

On the Dynamics of Hedge Fund Strategies

Number of pages: 38 Posted: 27 Mar 2012
Li Cai and Bing Liang
Illinois Institute of Technology - Stuart School of Business, IIT and University of Massachusetts Amherst - Department of Finance
Downloads 226 (90,936)

Abstract:

25.

The Role of Hedge Funds in the Security Price Formation Process

Number of pages: 53 Posted: 02 Aug 2012 Last Revised: 01 Mar 2016
Pennsylvania State University, Texas A&M University - Department of Finance, Yale School of Management - International Center for Finance and University of Massachusetts Amherst - Department of Finance
Downloads 202 (61,670)
Citation 1

Abstract:

Hedge funds, stock mispricing, investment value, costly arbitrage

26.

Onshore and Offshore Hedge Funds: Are They Twins?

Number of pages: 53 Posted: 03 Mar 2012
Bing Liang, George O. Aragon and Hyuna Park
University of Massachusetts Amherst - Department of Finance, Arizona State University (ASU) - Finance Department and Brooklyn College - CUNY
Downloads 173 (111,885)
Citation 7

Abstract:

offshore hedge funds, lock-up provision, liquidity risk, master-feeder structure

27.

Share Restrictions and Investor Flows in the Hedge Fund Industry

Number of pages: 50 Posted: 20 Nov 2015
University of Massachusetts at Amherst - Eugene M. Isenberg School of Management - Department of Finance, University of Massachusetts Amherst - Department of Finance, University of California at Irvine and University of Maryland - Robert H. Smith School of Business
Downloads 112 (195,492)
Citation 4

Abstract:

hedge fund flows, investor flow restrictions, hedge fund flow-performance relation

28.

Estimating Operational Risk for Hedge Funds: The Ω-Score

NYU Working Paper No. 2451/27845
Number of pages: 23 Posted: 10 Sep 2013
New York University (NYU) - Leonard N. Stern School of Business, Yale School of Management - International Center for Finance, University of Massachusetts Amherst - Department of Finance and University of California at Irvine
Downloads 71 (246,363)
Citation 10

Abstract:

29.

Liquidity Costs, Return Smoothing, and Investor Flows: Evidence from a Separate Account Platform

Asian Finance Association (AsFA) 2013 Conference
Posted: 24 May 2013
Pennsylvania State University, Texas Christian University, University of Massachusetts Amherst - Department of Finance and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Abstract:

30.

Asset Allocation Dynamics in the Hedge Fund Industry

Journal of Investment Management (JOIM), Second Quarter 2012
Posted: 02 Jun 2012
Li Cai and Bing Liang
Illinois Institute of Technology - Stuart School of Business, IIT and University of Massachusetts Amherst - Department of Finance

Abstract:

Change point, asset allocation, hedge funds, performance

31.

Estimating Operational Risk for Hedge Funds: The Omega-Score

Financial Analysts Journal, Vol. 65, No. 1, 2009
Posted: 31 Jan 2009
New York University - Stern School of Business, Yale School of Management - International Center for Finance, University of Massachusetts Amherst - Department of Finance and University of California at Irvine

Abstract:

Risk Measurement and Management: Alternative Investments; Portfolio Management: Hedge Fund strategies; Alternative Investments: Hedge Fund Strategies

32.

Hedge Fund Due Diligence: A Source of Alpha in a Hedge Fund Portfolio Strategy

Journal of Investment Management, 2008
Posted: 26 Nov 2008
Bryan Cave LLP, Attorney in New York City and University of Massachusetts Amherst - Department of Finance

Abstract:

Hedge funds, operational risk, due diligence, alpha

33.

Alternative Investments: CTAs, Hedge Funds, and Funds-of-Funds

Journal of Investment Management, Vol. 3, No. 4, Fourth Quarter 2004
Posted: 10 Dec 2004
Bing Liang
University of Massachusetts Amherst - Department of Finance

Abstract:

Hedge funds, funds-of-funds, commodity trading advisors

34.

Portfolio Formation, Measurement Errors and Beta Shifts: A Random Sampling Approach

The Journal of Financial Research
Posted: 24 Nov 1999
Bing Liang
University of Massachusetts Amherst - Department of Finance

Abstract:

35.

Price Pressure: Evidence from the 'Dartboard' Column

Journal of Business, Vol. 72, No. 1, January 1999
Posted: 07 Nov 1998
Bing Liang
University of Massachusetts Amherst - Department of Finance

Abstract: