Kambhu, John; Schuermann, Til; Stiroh, Kevin J. - In: Economic Policy Review (2007) Dec, pp. 1-18
Hedge funds, with assets under management approaching an estimated $1.5 trillion in 2006, have become important players in the U.S. and global capital markets. These largely unregulated funds differ from other market participants in their use of a variety of complex trading strategies and...