The leverage of hedge funds

Long-short hedge funds are often very highly levered, despite the costs of leverage that became apparent during the LTCM crisis in 1998 and the more recent episode in 2008. This note explores potential market imperfections that may explain the use of leverage.

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Year of publication:	2010
Authors:	Titman, Sheridan
Published in:	Finance Research Letters. - Elsevier, ISSN 1544-6123. - Vol. 7.2010, 1, p. 2-7
Publisher:	Elsevier
Subject:	Hedge funds

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008499387