PERSPECTIVES - Hedge Funds: Risk and Return - From a database that is relatively free of bias, this article provides measures of the returns of hedge funds and of the distinctly nonnormal characteristics of the data. The results include risk-adjusted measures of performance and tests of the degree to which hedge funds live up to their claim of market neutrality. The substantial attrition of hedge ...
| Year of publication: |
2005
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| Authors: | Malkiel, Burton G. ; Saha, Atanu |
| Published in: |
Financial analysts' journal : FAJ. - Charlottesville, Va : CFA Institute, ISSN 0015-198X, ZDB-ID 2194090. - Vol. 61.2005, 6, p. 80-88
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