We examine the return distributions of 332 funds of hedge funds and associated indices.
Over half of the sample is significantly skewed according to the skewness statistic, and these are split 50/50 positive and negative. ...
Unlike mutual and pension funds, which are heavily regulated in most juristrictions, hedge funds are largely unregulated. Because they are not required to report to regulators and to the public, data on hedge fund performance ...
Denvir, Emily; Hutson, Elaine(University College Dublin. School of Business. Centre for Financial Markets, 2004)
We examine the performance and diversification potential of 332 funds of hedge funds (FOHFs) for the period from January 1990 to May 2003. Consistent with prior studies, we find that FOHFs appear to underperform the hedge ...
We examine the performance and diversification potential of 332 funds of hedge funds (FOHFs) for the period from January 1990 to May 2003. Consistent with prior studies, we find that FOHFs appear to underperform the hedge ...