# Professor Arpit Gupta's joint research on hedge fund performance is spotlighted

1 June 9, 2017 Bloomberg View ![Bloomberg View logo](/sites/default/files/styles/246w/public/assets/images/bloombergview_0.jpg?itok=47DlvcFA)>

Excerpt from [Bloomberg View](https://www.bloomberg.com/view/articles/2017-06-09/hedge-fund-growth-and-tax-arbitrage) -- "We find that funds with greater investment by insiders outperform funds with less 'skin in the game' on a factor-adjusted basis; exhibit greater return persistence; and feature lower fund flow-performance sensitivities. These results suggest that managers earn outsize rents by operating trading strategies further from their capacity constraints when managing their own money."

[Read more](https://www.bloomberg.com/view/articles/2017-06-09/hedge-fund-growth-and-tax-arbitrage)