WSJ Heard on the Street: Sophie Shive and Hayong Yun

Author: Mendoza College

The research of finance professors Sophie Shive and Hayong Yun was cited in The Wall Street Journal's "Overheard" column published Dec. 27. Their research shows that hedge funds buy the holdings of mutual funds that performed well in the previous year, ahead of the funds who are sure to receive large cash inflows and invest much of it in their old favorites.