Performance persistence in the investment literature was a major area of investigation for both academics and practitioners for more than 2 decades. The results from various U.K open – end mutual funds studies are mixed and there is no enough statistical evidence of performance persistence in...

This article examines UK investment trusts using a sample of 210 investment trusts from the period 1990 to 2006. The sample is free of survivorship bias. We find evidence of long-term managerial positive persistence. Performance is measured by Jensen's alpha based on regression models such as...

This article examines the performance persistence of 210 UK investment trusts form the period January 1990 to January 2006. We use a sample free of survivorship bias and measure performance using risk adjusted measures. High values of the Treynor, Sharpe and information ratio are an indication...

This article aims at testing empirically the performance persistence of emerging market hedge funds. Emerging market hedge funds invests primarily in countries that have a closed market economy and are in the process of developing and expanding its infrastructure such as Brazil, India, Latin...

This article aims at testing empirically the major building blocks that affect the performance of funds of funds hedge funds: incentive fees, management fees, size, age, hurdle rate, high watermark provision and lockup period. Funds of hedge funds invest solely in other hedge funds. The hedge...

The existing literature of performance persistence of US open-end funds is limited. We are going to use the entire population of 12083 US open-end funds to test performance persistence in different time periods, namely the first year, the third year, the fifth year and the tenth year. The sample...

This article aims at testing empirically the major building blocks that affect the performance of emerging markets hedge funds: incentive fees, management fees, size, age, hurdle rate, high watermark provision and lockup period. Emerging markets hedge funds invests primarily in countries that...

In this paper, we are using Jensen's alpha, Sharpe ratio and multi-factor models to test the performance of hedge funds for the period 1998 to 2003. Hedge fund returns exhibit a high degree of non-linearity and kurtosis. Our results suggest that for the examined period hedge funds provide...

Funds of hedge funds invest solely in other hedge funds. The hedge fund manager selects funds based on a specific investment strategy or a combination of different investment strategies to achieve a better return. The benefit of combining different investment strategies is to achieve...

We are investigating whether conditioning information affect the performance of UK investment trusts to detect superior performance. Our results suggest that simple unconditional constant models that are used are not valid and are misspecified and biased to measure and evaluate the performance...