Real Estate Risk and Hedge Fund Returns

We explore a new investment dimension relating hedge fund exposure to the real estate market. Using fund level data from 1994 to 2012 from a major hedge fund data vendor, we identify 1,321 hedge funds as having significant exposure to direct or securitized real estate. We test for the economic impact of real estate exposure. Our analysis shows that real estate exposure does not increase fund performance

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Year of publication:	2016
Authors:	Ambrose, Brent W.
Other Persons:	Cao, Charles (contributor) ; D'Lima, Walter (contributor)
Publisher:	[2016]: [S.l.] : SSRN
Subject:	Hedgefonds \| Hedge fund \| Kapitaleinkommen \| Capital income \| Risiko \| Risk \| Hedging \| Immobilienfonds \| Real estate fund \| Immobilienmarkt \| Real estate market
Description of contents:	Abstract [papers.ssrn.com]

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Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Journal of Real Estate Finance and Economics, Vol. 52, No. 3, 2016 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments March 1, 2016 erstellt Volltext nicht verfügbar
Classification:	G11 - Portfolio Choice ; G12 - Asset Pricing ; R30 - Real Estate Markets, Spatial Production Analysis, and Firm Location. General
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012997725