This article examines the application of the Sharpe style analysis versus a rolling methodology of monthly returns of long/short funds, market neutral funds, event – driven hedge funds and their related indices. The Sharpe ratio is calculated as the ratio of the excess return divided by the...

In this article, we are going to analyze the redistribution of incomes from the derivative market to the poors. The purpose is to create money funds that help the poors, the beggars and any persons that are financially in a minority group. The various problems of Africa would be addressed within...

The demand for new insurance products in the UK has experienced important changes in recent years that can be attributed to three major factors. First, demographic changes have created different needs for more tailored products. Second, saving patterns have changed, due to changing economic...

This article aims at testing empirically the major building blocks that affect the performance and risk adjusted measures 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...

In this article, we have tested the correlation and covariance relationships of the natural logarithmic monthly returns of the hedge funds. We have applied a principal component analysis, (PCA), in EViews 6 to check the eigenvalues, the eigenvectors loadings of the correlation matrix and the...

In this article, we have tested a linear Gaussian state space model and the Kalman filter in testing ARMA(2,4) model of the natural logarithmic monthly market returns of event driven hedge funds. The fund manager primarily is targeting financial, micro and macro economic or political events,...

According to the ABI (2003), 806 insurance companies were authorized, either by the UK or by another European Economic Area member to carry on insurance business in the UK in 2002. Of these, 592 could carry on general business only (such as motor, household and commercial insurance), 160 were...

This article aims at measuring the effects of distressed securities or close to bankruptcy market evaluation of companies in the whole structure of the hedge fund. Distressed securities are related to the corporate bonds of bankrupted companies that start to get out from the crisis and are...

In this article, we have tested the volatility of the monthly returns of an equity hedge fund for changing conditional variances by using a log likelihood model. Generalized autoregressive conditional heteroskedastic models, (GARCH) with t-distributed errors, and exponential generalized...

This article is a cross comparison of the different performance ratios between different types of hedge funds. The funds under study are long/short funds, market-neutral funds and event – driven funds. We use a sample free of survivorship bias and measure performance using risk adjusted...