Hedge funds strategies

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Sous-titre: are they consistent?
Liste des auteurs: Mendes Ribeiro LM, Machado-Santos, C.
Editeur: EuroJournals
Année de publication: 2011
Numéro du volume: 73
Page d'accueil: 171
Dernière page: 187
Nombre de pages: 17
ISSN: 1450-2887
Languages: Anglais-Royaume-Uni (EN-GB)


Alternative investment has grown considerably, transforming this industry in the forefront of investment innovation. Despite their public acknowledgment and profound influence in the financial market, there is still relative small understanding about hedge funds strategies style. In such a context, this paper intends to determine whether stylistic characterization exists across hedge fund strategies, by comparing, for the period of Jan.1998 to Dec.2008, the performance of the EDHEC indices with one of the most representative indices of hedge funds, the CSFB/Tremont index, regarding seven main strategies. The results do not reject the hypothesis of equal mean monthly returns on every strategy, comparing the two data sources, showing that there is no significant difference between the strategies analyzed, what suggests that the purity in each style is not sufficient developed (and accurate) as we may suppose.


Bias, Consistency, Hedge funds, Purity, Strategies and style


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Dernière mise à jour le 2019-10-08 à 00:30