Tudor, Deniz; Cao, Bolong - In: Managerial Finance 38 (2012) 3, pp. 280-302
Purpose – The purpose of this paper is to examine the ability of hedge funds and funds of hedge funds to generate … evidence is found that only some hedge funds strategies, but not all of them, demonstrate higher tendency to produce absolute … absolute returns. Finally, no evidence was found for performance persistence in terms of absolute returns for hedge funds but …