Investor Flows and Fragility in Corporate Bond Funds

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Liquidity Transformation in Asset Management: Evidence from the Cash Holdings of Mutual Funds (2016, unknown): “This question has been the subject of a vigorous debate among academics, practitioners, and regulators (e.g., Goldstein et al, 2015; International Monetary Fund, 2015; Financial Stability Oversight Council, 2014; Feroli et al, 2014; Chen, Goldstein, and Jiang, 2010).”
The role of venture capital in the emerging entrepreneurial finance ecosystem: future threats and opportunities (2019, background): “Because of their open-ended nature and obligation to meet all the redemption orders coming from the funds’ shareholders, mutual funds should be unable to invest in illiquid securities (Chen, Goldstein, and Jiang 2010; Chernenko and Sunderan 2016; Goldstein, Jiang, and Ng 2017).”
Portfolio Manager Compensation in the U.S. Mutual Fund Industry (2019, background): “, Starks (1987), Grinblatt and Titman (1989), Golec (1992), Tufano and Sevick (1997), Coles, Suay, and Woodbury (2000), Deli (2002), Elton, Gruber, and Blake (2003), Golec and Starks (2004), Dass, Massa, and Patgiri (2008), Massa and Patgiri (2009), and Warner and Wu (2011).”