The closed-end fund puzzle: Management fees and private information

Keyphrases

• Private Information 100%
• Management Fee 100%
• Closed-end Fund Puzzle 100%
• Fund Returns 66%
• Asset Returns 33%
• Novel Prediction 33%
• Information Advantage 33%
• Fund Managers 33%
• Partial Equilibrium Model 33%
• Closed-end Funds 33%
• Excess Volatility 33%
• Time Series Correlation 33%
• Asset Turnover 33%
• Times Series Behavior 33%

Economics, Econometrics and Finance

• Private Information 100%
• Time Series 100%
• Equilibrium Model 50%
• Partial Equilibrium 50%
• Excess Volatility 50%