Showing 1 - 2 of 2
We measure the total-risk-adjusted (as opposed to factor-risk-adjusted) performance of hedge fund indices in well-diversified portfolios. Alpha is defined as the difference between, on the one hand, the average return on a mean-variance efficient portfolio containing exclusively traditional...
Persistent link: https://www.econbiz.de/10005091386
Persistent link: https://www.econbiz.de/10001413814