Forensic accounting serves as a regulatory and investment tool that allows interested
professionals to predict whether firms are engaged in financial reporting misconduct …

We test the predictability of investment fraud using a panel of mandatory disclosures filed
with the SEC. We find that disclosures related to past regulatory and legal violations …

Recent cases of hedge fund fraud have caused large losses for investors and have fueled
the debate regarding the ability of regulators to oversee the industry. This article proposes a …

We use a novel database to study the timeliness of hedge fund monthly performance
disclosures. Managers engage in strategic timing: poor monthly returns are reported with …

A Ponzi scheme is one of the simplest, albeit effective, financial frauds to engineer, and new
schemes keep coming forward. Despite this, however, people continue to invest in them …

We find that capital flows to hedge funds in different countries are influenced by the strength
and the enforcement of investor protection laws. Hedge funds located in weak investor …

We propose a new class of performance measures for Hedge Fund (HF) returns based on a
family of empirically identifiable stochastic discount factors (SDFs). The SDF-based …

Hedge funds commonly misreport returns by overstating their reported performance. We
study the conditions that affect hedge fund managers' propensity to misreport and the effects …

Purpose The purpose of this paper is to test the new Fama and French (2015) five-factor
model relying on a thorough sample of hedge fund strategies drawn from the Barclay's …

Using a panel of mandatory SEC disclosure filings we test the predictability of investment
fraud. We find that past regulatory and legal violations, conflicts of interest, and monitoring …