A primer on hedge funds
Journal Article
In this paper, we provide a rationale for how hedge funds are organized and some insight on how hedge fund performance differs from traditional mutual funds. Statistical differences among hedge fund styles are used to supplement qualitative differences in the way hedge fund strategies are described. Risk factors associated with different trading styles are discussed. We give examples where standard linear statistical techniques are unlikely to capture the risk of hedge fund investments where the returns are primarily driven by non-linear dynamic strategies.
Full Text
Duke Authors
Cited Authors
- Fung, W; Hsieh, DA
Published Date
- January 1, 1999
Published In
Volume / Issue
- 6 / 3
Start / End Page
- 309 - 331
International Standard Serial Number (ISSN)
- 0927-5398
Digital Object Identifier (DOI)
- 10.1016/S0927-5398(99)00006-7
Citation Source
- Scopus