Enterprising Investor
Practical analysis for investment professionals
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biotech


03 October 2017
Investing in Small-Cap Biotech through Hedge Funds
By Akash Goyal

After analyzing small-cap biotech data from 2007 on, Akash Goyal has found that higher hedge fund ownership is positively correlated with forward returns and that stocks with higher short interest are correlated with negative forward returns.



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