Mutual Fund Trading Style and Bond Market Fragility
A subset of mutual funds intentionally supply liquidity in corporate bond markets during periods of…
Author Amber Anand
Amber Anand
Amber Anand is the Edward Pettinella Professor of Finance and Haydon Family Fellow. His research interests include the microstructure of stock and options markets. His current research relates to market design, trading rules, price discovery and trader behavior.
Do buy-side institutions supply liquidity in bond markets? Evidence from mutual funds
A working paper by Amber Anand, Edward Pettinella Professor of Finance, finds some buy-side institutions…
New Breed of Traders Create Stock Market Fragility
This study finds market makers scale back in unison when market conditions are unfavorable, which…