A primer on hedge funds

@article{citeulike:2742573, abstract = {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.}, author = {Fung, William and Hsieh, David A. }, citeulike-article-id = {2742573}, doi = {10.1016/S0927-5398(99)00006-7}, journal = {Journal of Empirical Finance}, keywords = {capm, fund, hedge, option}, month = {September}, number = {3}, pages = {309--331}, posted-at = {2008-05-01 13:27:31}, priority = {2}, title = {A primer on hedge funds}, url = {http://dx.doi.org/10.1016/S0927-5398(99)00006-7}, volume = {6}, year = {1999} }

TY - JOUR ID - citeulike:2742573 L3 - citeulike-article-id:2742573 TI - A primer on hedge funds JF - Journal of Empirical Finance VL - 6 IS - 3 SP - 309 EP - 331 N2 - 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. KW - capm KW - fund KW - hedge KW - option AU - Fung, William AU - Hsieh, David PY - 1999/09// UR - http://dx.doi.org/10.1016/S0927-5398(99)00006-7 ER -