Kotkatvuori-Örnberg, Juha; Nikkinen, Jussi; … - In: Emerging Markets Review 12 (2011) 4, pp. 309-320
Emerging market hedge funds are an asset class which does not seem to outperform the market benchmarks. We hypothesize that the poor aggregate performance may be due to lack of focus of these funds. Our results suggest that a portfolio of emerging market hedge funds, which have geographical...