The performance of currency hedge funds
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Jarkko Peltomäki
📂
Article
📅
2011
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John Wiley and Sons
🌐
English
⚖ 121 KB
Hedge funds are often related to the yen carry trade. This paper investigates the exposures of hedge funds that focus on currency assets to the returns of the yen/USD carry trade. The results suggest that the exposure of these hedge funds is positive only when carry trade returns are negative. Also,