Reviewing the hedge funds literature II: hedge funds' returns and risk management characteristics

Izidin El Kalak; Alcino Azevedo; Robert Hudson

doi:10.1016/j.irfa.2016.09.006

Reviewing the hedge funds literature II: hedge funds' returns and risk management 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 risk management characteristics (a companion piece investigates the managerial characteristics of HFs). It discusses the successes and the shortfalls to date in developing more sophisticated risk management frameworks and tools to measure and monitor HF risks, and the empirical evidence on the role of the HFs and their investment behaviour and risk management practices on the stability of the financial system. It also classifies
the HF literature considering the most recent contributions and, particularly, the regulatory developments after the 2007 financial crisis.

Original language	English
Pages (from-to)	55-66
Number of pages	12
Journal	International Review of Financial Analysis
Volume	48
Early online date	21 Sept 2016
DOIs	https://doi.org/10.1016/j.irfa.2016.09.006
Publication status	Published - Dec 2016

Bibliographical note

Keywords

hedge funds
return characteristics
risk management characteristics

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10.1016/j.irfa.2016.09.006

Reviewing the hedge funds literature II
© 2016, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International http://creativecommons.org/licenses/by-nc-nd/4.0/
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1 Article

Reviewing the hedge funds literature I: hedge funds and hedge funds' managerial characteristics
El Kalak, I., Azevedo, A. & Hudson, R., 1 Dec 2016, In: International Review of Financial Analysis. 48, p. 85-97
Research output: Contribution to journal › Article › peer-review

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Reviewing the hedge funds literature II: hedge funds' returns and risk management characteristics

Abstract

Bibliographical note

Keywords

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

Cite this