Hedge funds strategies: Are they consistent?

Detalhes bibliográficos
Autor(a) principal: Mendes­-Ribeiro, Mafalda
Data de Publicação: 2011
Outros Autores: Machado-Santos, Carlos
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/11328/1771
Resumo: 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. This paper intends to determine whether stylistic characterization exists across hedge fund strategies, by comparing, for the period of 1998 to 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 differences between the strategies analyzed, suggesting that the purity in each style is not as developed and accurate as we may suppose.
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spelling Hedge funds strategies: Are they consistent?Hedge fundsStrategies and styleConsistencyPurityBiasAlternative 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. This paper intends to determine whether stylistic characterization exists across hedge fund strategies, by comparing, for the period of 1998 to 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 differences between the strategies analyzed, suggesting that the purity in each style is not as developed and accurate as we may suppose.2017-03-14T14:05:27Z2011-01-01T00:00:00Z2011info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/11328/1771engMendes­-Ribeiro, MafaldaMachado-Santos, Carlosinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-06-15T02:10:02ZPortal AgregadorONG
dc.title.none.fl_str_mv Hedge funds strategies: Are they consistent?
title Hedge funds strategies: Are they consistent?
spellingShingle Hedge funds strategies: Are they consistent?
Mendes­-Ribeiro, Mafalda
Hedge funds
Strategies and style
Consistency
Purity
Bias
title_short Hedge funds strategies: Are they consistent?
title_full Hedge funds strategies: Are they consistent?
title_fullStr Hedge funds strategies: Are they consistent?
title_full_unstemmed Hedge funds strategies: Are they consistent?
title_sort Hedge funds strategies: Are they consistent?
author Mendes­-Ribeiro, Mafalda
author_facet Mendes­-Ribeiro, Mafalda
Machado-Santos, Carlos
author_role author
author2 Machado-Santos, Carlos
author2_role author
dc.contributor.author.fl_str_mv Mendes­-Ribeiro, Mafalda
Machado-Santos, Carlos
dc.subject.por.fl_str_mv Hedge funds
Strategies and style
Consistency
Purity
Bias
topic Hedge funds
Strategies and style
Consistency
Purity
Bias
description 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. This paper intends to determine whether stylistic characterization exists across hedge fund strategies, by comparing, for the period of 1998 to 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 differences between the strategies analyzed, suggesting that the purity in each style is not as developed and accurate as we may suppose.
publishDate 2011
dc.date.none.fl_str_mv 2011-01-01T00:00:00Z
2011
2017-03-14T14:05:27Z
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dc.identifier.uri.fl_str_mv http://hdl.handle.net/11328/1771
url http://hdl.handle.net/11328/1771
dc.language.iso.fl_str_mv eng
language eng
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eu_rights_str_mv openAccess
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dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
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