This article aims at testing empirically the performance persistence of funds of funds hedge funds. 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...

This article aims at testing empirically the performance persistence of fixed income arbitrage hedge funds. These funds engage principally in arbitrage strategies in the global corporate debt securities markets taking advantage of mispricing. Fixed income arbitrage funds take advantage of...

This article aims at testing empirically the performance of event driven hedge funds. The fund manager primarily is targeting financial, micro and macro economic or political events, corporate events that will affect positively the net asset value, NAV, performance of the fund. Merger arbitrage...

This paper examines in detail the literature review of hedge funds performance using a sample of 773 hedge funds from the period January 1990 to January 2003. The sample is free of survivorship bias, self-selection and backfill bias. Performance persistence in the investment literature was...

In this article, we examine offshore hedge funds performance that pursues leveraged activities based on distressed securities. Distressed securities are related to the corporate bonds of bankrupted companies that start to get out from the crisis and are trying to reduce their loan exposures in...

In this article, we test the effects of the volatility of Gaussian distribution monthly returns of commodity futures contracts of a hedge fund portfolio. We test a linear Gaussian state space model and the Kalman filter ARMA(2,4) model of the natural logarithmic monthly market returns of the of...

In this article, we measure and compare the risk adjusted performance, the correlation and the covariance of global macro funds and funds of funds. Specifically, Global macro hedge fund manager focus to generate positive returns based on currency futures and options. He/she focused on fixed –...