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Performance maximization of actively managed funds
Guasoni, Paolo; Huberman, Gur; Wang, Zhenyu - 2010
Ratios that indicate the statistical significance of a fund's alpha typically appraise its performance. A growing literature suggests that even in the absence of any ability to predict returns, holding options positions on the benchmark assets or trading frequently can significantly enhance...
Persistent link: https://www.econbiz.de/10010287049
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Zulassung von Hedge-Fonds in Deutschland: Fluch oder Segen?
Erke, Burkhard; Marquardt, Ralf-M. - In: Wirtschaftsdienst 84 (2004) 5, pp. 309-316
Seit Jahresanfang ist in Deutschland die Auflage von Hedge-Fonds erlaubt. In der Beurteilung solcher Fonds gibt es … allgemeine Aussagen über Hedge-Fonds möglich? …
Persistent link: https://www.econbiz.de/10010303081
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Steuerliche Aspekte von Private-Equity- und Hedge-Fonds unter Berücksichtigung der Unternehmensteuerreform 2008
Jarass, Lorenz; Obermair, Gustav M. - 2007
Das Gutachten behandelt steuerliche Aspekte der Aktivitäten von Private-Equity-Fonds und Hedge-Fonds. Welche …
Persistent link: https://www.econbiz.de/10011315126
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Explaining Hedge Fund Investment Styles by Loss Aversion
Siegmann, Arjen; Lucas, André - 2002
Recent research reveals that hedge fund returns exhibit a range of different,possibly non-linear pay-off patterns. It is difficult to qualify all these patternssimultaneously as being rational in a traditional framework for optimal financial decisionmaking. In this paper we present a simple...
Persistent link: https://www.econbiz.de/10010324945
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Incentive contracts and hedge fund management
Hodder, James E.; Jackwerth, Jens Carsten - 2005
This paper investigates dynamically optimal risk-taking by an expected-utility maximizing manager of a hedge fund. We examine the effects of variations on a compensation structure that includes a percentage management fee, a performance incentive for exceeding a specified highwater mark, and...
Persistent link: https://www.econbiz.de/10010266924
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Hedge funds and their implications for financial stability
Garbaravicius, Tomas; Dierick, Frank - 2005
The paper provides an overview of the hedge fund industry, mainly from a financial stability and European angle. It is primarily based on an extensive analysis of information from the TASS database. On the positive side of the financial stability assessment, hedge funds have a role as providers...
Persistent link: https://www.econbiz.de/10011606186
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Was treibt die Renditen von Hedgefonds? Eine empirische Untersuchung ausgewählter Hedgefonds Strategien
Lehrbass, Frank; Wörndl, Fabian; FOM Hochschule für … - 2021
. Investmentfonds und Hedgefonds unterscheiden sich in mehrfacher Hinsicht. Während klassische Investmentfonds Vorschriften unterliegen …: Die Hedgefonds. Deshalb wird sich diese Forschungsarbeit dieser exklusiven Form von Kapitalanlagemöglichkeiten zuwenden …. Bei einer Investition in Hedgefonds hofft man darauf, dass sie Erträge entsprechend den Erwartungen generieren und dabei …
Persistent link: https://www.econbiz.de/10012819803
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The Benefits of Creating an Integrated EU Market for Investment Funds
Heinemann, Friedrich - 2002
The fast growing EU market for investment funds is still characterised by a continuing relevance of national borders. This papers assesses this market?s degree of integration, the potential benefits from more integration and the obstacles to cross-border sales of funds. The analysis shows that...
Persistent link: https://www.econbiz.de/10010298094
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Purchase and redemption decisions of mutual fund investors and the role of fund families
Jank, Stephan; Wedow, Michael - 2010
This paper investigates the purchases and redemptions of a large cross-sectional sample of German equity funds. We find that investors punish bad performance by selling their shares, but also have a tendency to sell winners. Investors in large fund families show higher sales and redemption...
Persistent link: https://www.econbiz.de/10010300703
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Purchase and redemption decisions of mutual fund investors and the role of fund families
Jank, Stephan; Wedow, Michael - 2010
This paper investigates the purchases and redemptions of a large cross-sectional sample of German equity funds. We find that investors punish bad performance by selling their shares, but also have a tendency to sell winners. Investors in large fund families show higher sales and redemption...
Persistent link: https://www.econbiz.de/10010302545