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

Izidin El Kalak; Alcino Azevedo; Robert Hudson

doi:10.1016/j.irfa.2016.09.008

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

Izidin El Kalak, Alcino Azevedo, Robert Hudson

Aston Business School

Research output: Contribution to journal › Article › peer-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 language	English
Pages (from-to)	85-97
Journal	International Review of Financial Analysis
Volume	48
Early online date	21 Sept 2016
DOIs	https://doi.org/10.1016/j.irfa.2016.09.008
Publication status	Published - 1 Dec 2016

Bibliographical note

Keywords

hedge funds
hedge funds characteristics
hedge funds managers
managerial characteristics

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10.1016/j.irfa.2016.09.008

Reviewing the hedge funds literature I
© 2016, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International http://creativecommons.org/licenses/by-nc-nd/4.0/
Accepted author manuscript, 1.02 MBLicence: CC BY-NC-ND 3.0

Cite this

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title = "Reviewing the hedge funds literature I: hedge funds and hedge funds' managerial characteristics",

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.",

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

Abstract

Bibliographical note

Keywords

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