Hedge Fund Stock Trading in the Financial Crisis of 2007-2009

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Are Retail Traders Compensated for Providing Liquidity (2016, unknown): “Recent work, including Adrian, Etula, and Muir (2012), Ang, Gorovyy, and Van Inwegen (2011), and Ben-David, Franzoni, and Moussawi (2012) suggest that intermediaries are especially constrained for high levels of the VIX index of implied volatilities of Standard & Poor’s (S&P) index options.”
Can Hedge Funds Time Market Liquidity (2012, unknown): “15 Ben-David, Franzoni, and Moussawi (2012) examine hedge funds' trading patterns in stock markets during this financial crisis period. for funds that have redemption frequency equal to or greater than one quarter.”
Individual Investor Perceptions and Behavior During the Financial Crisis (2013, unknown): “Thus, although present, timevarying risk tolerance and its impact on risk-taking behavior can be masked and overcompensated by the impact of investor inertia found by Brunnermeier and Nagel (2008) as well as Bilias et al. (2010). Second, although the sample period does not cover the time before the ”
The Growth and Limits of Arbitrage: Evidence from Short Interest (2014, background): “5 This is arguably counterfactual: work on the low- anomaly, including Black (1973), Ang et al.”
Institutional Trading and Stock Resiliency: Evidence from the 2007-2009 Financial Crisis (2013, unknown): “Ben-David, Franzoni, and Moussawi (2012) provide evidence consistent with large-scale equity selloffs by hedge funds.”