Книга: Marie Lundberg and Helena Blom «Are Manager Characteristics Affecting the Performance of Hedge Funds?»
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Производитель: "LAP Lambert Academic Publishing" The purpose of this thesis is to examine if and how the hedge fund manager s background characteristics and strategy applied affect the fund s performance, as measured by average monthly return, risk and risk-adjusted monthly return. This is done by collecting data on 41 different hedge fund managers in Sweden and then performing robust OLS regressions. Our main results are that applying a long-short equity strategy generates higher return, higher risk, and higher risk-adjusted return compared to the other strategies. Hedge fund managers with previous studies in business and economics generate lower return, take on less risk and generate lower risk-adjusted return. We find modest evidence of lower risk taking among former students of Lund University. Investing private funds in the hedge fund are found to have a negative impact on risk-adjusted return. ISBN:9783659130274 Издательство: "LAP Lambert Academic Publishing" (2012)
ISBN: 9783659130274 |
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