search query: @freeterm Trading / total: 11
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| Author: | Fung, W. Hsieh, D.A. |
| Title: | Measuring the market impact of hedge funds |
| Journal: | Journal of Empirical Finance
2000 : MAY, VOL. 7:1, p.1-36 |
| Index terms: | Stock markets Markets Strategy |
| Freeterms: | Trading |
| Language: | eng |
| Abstract: | Hedge funds often employ opportunistic trading strategies on leveraged basis. A "small bet" by large hedge funds can be a sizeable transaction that can impact markets. This study estimates hedge fund exposures during a number of major market events. In some episodes, hedge funds had significant exposures and were in a position to exert substantial market impact. In other episodes, hedge fund exposures were insignificant, either in absolute terms or relative to other market participants. In all cases, there was found no evidence of hedge funds using positive feedback trading strategies. There was also some more evidence found on hedge funds. |
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