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

El Kalak, Izidin; Azevedo, Alcino; Hudson, Robert

Abstract

© 2016 Elsevier Inc. 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.

Journal Article Type Article
Publication Date 2016-12
Journal International review of financial analysis
Print ISSN 1057-5219
Publisher Elsevier
Peer Reviewed Peer Reviewed
Volume 48
Pages 85-97
DOI https://doi.org/10.1016/j.irfa.2016.09.008
Keywords Economics and Econometrics; Finance; Hedge funds; Hedge funds characteristics, Hedge funds managers; Managerial characteristics
Publisher URL http://www.sciencedirect.com/science/article/pii/S1057521916301302
Copyright Statement ©2018, Elsevier. This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/
Additional Information This is the accepted manuscript of an article published in International review of financial analysis, 2016. The version of record is available at the DOI link in this record.

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Copyright Statement
©2018, Elsevier. This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/



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