Reviewing the hedge funds literature I: hedge funds and hedge funds' managerial characteristics

Izidin El Kalak, Alcino Azevedo, Robert Hudson

Research output: Contribution to journalArticlepeer-review

Abstract

This paper summarizes the literature on hedge funds (HFs) developed over the last two decades, particularly that which relates to managerial characteristics (a companion piece covers the return and risk management characteristics of HFs). It classifies, the current HF literature, suggesting which critical problems have been “solved” and which problems have not been yet adequately addressed. It also discusses the effects of past financial regulation and the prospects for the effect of new financial regulation on the HF industry and its performance and risk management practices, and suggests new avenues for research. Furthermore, it highlights the importance of managerial characteristics for HF performance, and the successes and the shortfalls to date in developing more sophisticated HF-related risk management tools.
Original languageEnglish
Pages (from-to)85-97
JournalInternational Review of Financial Analysis
Volume48
Early online date21 Sep 2016
DOIs
Publication statusPublished - 1 Dec 2016

Bibliographical note

© 2016, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International http://creativecommons.org/licenses/by-nc-nd/4.0/

Keywords

  • hedge funds
  • hedge funds characteristics
  • hedge funds managers
  • managerial characteristics

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