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Do more active hedge fund managing strategies generate higher returns than the less active ones? We develop a novel approach to measuring activeness for hedge funds by estimating the dynamics of risk exposure of a large sample of live and dead equity long-short funds. We find that higher...
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On the tracking and replication of hedge fund optimal investment portfolio strategies in global The hedge fund represents a unique investment opportunity for the institutional and private investors in the diffusion-type financial systems. The main objective of this condensed article is to...
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Do more active hedge fund managers generate higher returns than their less active peers? We attempt to answer this … active managers outperform the moderately active funds and generate higher returns. We conclude that the most active managers … returns. Finally, we find that compared to the least active managers, the most active managers are less homogeneous and …
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