haku: @indexterm Hedging / yhteensä: 349
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| Tekijä: | Eling, M. |
| Otsikko: | Does hedge fund performance persist? Overview and new empirical evidence |
| Lehti: | European Financial Management
2009 : MAR, VOL. 15:2, p. 362-401 |
| Asiasana: | hedging performance measurement |
| Vapaa asiasana: | performance persistence |
| Kieli: | eng |
| Tiivistelmä: | This article provides and overview and new empirical evidence on hedge fund performance persistence. Different levels of performance persistence are found depending on the statistical methodology and the hedge fund strategy employed. In this study, performance persistence cannot be explained by the use of option-like strategies, but it can be partially explained by survivorship and backfilling bias. Differences among hedge fund strategies might be explained by return smoothing. |
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