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Table of contents

  • Abstract
  • 1. Introduction
  • 2. Literature Review
    • 2.1. Characteristics of Major Hedge Fund Strategies
    • 2.2. Empirical Studies on Hedge Fund Performance
    • 2.3. Performance Measurement Models
    • 2.4. Persistence in Performance
    • 2.5. Performance Rating Measures
  • 3. Methodology
    • 3.1. General
    • 3.2. Data
    • 3.3. Market Performance and Risk-Free Return
  • 4. Data Analysis, Findings and Discussions
    • 4.1. Descriptive Statistics, Visual Inspection, Other Diagnostics and Correlations
    • 4.2. Estimating Performance Using Carhart’s Four-Factor Model
    • 4.3. Analysing Performance for Persistence and Its Relationship with Total Performance
    • 4.4. Analysis of the Risk-Adjusted Performances (Sharpe Ratio) and Actual Performances
    • 4.5. Assessment of the Reliability of Alternative Reward-Risk Ratios in Risk-Adjusted Performance Evaluation
  • 5. Conclusions
  • 6. Limitations and Further Research
  1. Home
  2. [CB DRAFT] MBA614: International Finance
  3. Unit 5: Hedge Funds and Private Equity
  4. 5.1: Hedge Funds
  5. Hedge Fund Performance During and After the Financial Crisis

Hedge Fund Performance During and After the Financial Crisis

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Completion requirements

Hedge funds operate using global macro strategies, directional strategies, event-driven strategies, relative-value arbitrage strategies, long/short strategies, and capital structure strategies. As you read, observe how and why fund managers choose one of these strategies to base their investment decisions on. What is the relationship between risk-adjusted performance and investment decisions?

  

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