Detecting Crowded Trades in Currency Funds
提出一种衡量拥挤交易的方法，并应用于货币基金经理，揭示特定交易在对冲基金中的流行程度，为监管者提供市场监测工具。
Investors and regulators suspect that crowded trades may pose a special risk. The authors propose a methodology to measure crowded trades and apply it to currency managers. This methodology offers useful insights regarding the popularity of certain trades among hedge funds and provides regulators with another tool for monitoring markets.