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Derivative use, fund flows and investment manager performance

✍ Scribed by Alex Frino; Andrew Lepone; Brad Wong


Book ID
116615280
Publisher
Elsevier Science
Year
2009
Tongue
English
Weight
209 KB
Volume
33
Category
Article
ISSN
0378-4266

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Hedge Fund Performance and Manager Skill
✍ Franklin R. Edwards; Mustafa Onur Caglayan πŸ“‚ Article πŸ“… 2001 πŸ› John Wiley and Sons 🌐 English βš– 151 KB

## Abstract Using data on the monthly returns of hedge funds during the period January 1990 to August 1998, we estimate six‐factor Jensen alphas for individual hedge funds, employing eight different investment styles. We find that about 25% of the hedge funds earn positive excess returns and that t