# Prof. Stephen Brown's research on hedge funds is cited

1 Faculty News January 26, 2014 ![Financial Times logo](/sites/default/files/styles/246w/public/assets/images/uat_025700.jpg?itok=LSPbU2V1)>

Excerpt from [Financial Times](http://www.ft.com/intl/cms/s/0/93fe0b4a-7d42-11e3-a579-00144feabdc0.html#axzz2rbis9OQL) -- "There is 'no evidence' that copycat strategies based on 13F disclosed positions provide any benefit to long-term investors, according to a recent paper by [Stephen Brown](http://www.stern.nyu.edu/faculty/bio/stephen-brown), a finance professor at New York University’s Stern School of Business, and Christopher Schwarz, an assistant professor of finance at the University of California."

[Read more](http://www.ft.com/intl/cms/s/0/93fe0b4a-7d42-11e3-a579-00144feabdc0.html#axzz2rbis9OQL)