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

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

Authors

Izidin El Kalak

Alcino Azevedo



Abstract

© 2016 Elsevier Inc. 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.

Citation

El Kalak, I., Azevedo, A., & Hudson, R. (2016). Reviewing the hedge funds literature II: Hedge funds' returns and risk management characteristics. International review of financial analysis, 48, 55-66. https://doi.org/10.1016/j.irfa.2016.09.006

Acceptance Date Dec 12, 2016
Online Publication Date Sep 21, 2016
Publication Date 2016-12
Deposit Date Sep 15, 2016
Publicly Available Date Mar 23, 2018
Journal International review of financial analysis
Print ISSN 1057-5219
Publisher Elsevier
Peer Reviewed Peer Reviewed
Volume 48
Pages 55-66
DOI https://doi.org/10.1016/j.irfa.2016.09.006
Keywords Economics and Econometrics; Finance
Public URL https://hull-repository.worktribe.com/output/443166
Publisher URL http://www.sciencedirect.com/science/article/pii/S1057521916301296
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 Authors' accepted manuscript of article published in: International review of financial analysis, 2016, v.48.

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Publisher Licence URL
https://creativecommons.org/licenses/by-nc-nd/4.0/

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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