In a 2011 study, Agarwal, Daniel, and Naik documented that hedge funds tend to report average returns in ________ that are ________ than their average returns in other months.

Name: In a 2011 study, Agarwal, Daniel, and Naik documented that hedge funds tend to report average returns in ________ that are ________ than their average returns in other months.
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Question

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Hedge funds often report higher returns in December due to "window dressing," where they adjust portfolios to improve year-end performance figures.

In a 2011 Study, Agarwal, Daniel, and Naik Documented That