Are Manager Characteristics Affecting the Performance of Hedge Funds?: A study on swedish data - Couverture souple

Lundberg, Marie; Blom, Helena

 
9783659130274: Are Manager Characteristics Affecting the Performance of Hedge Funds?: A study on swedish data
Couverture souple
ISBN 10 : 3659130273 ISBN 13 : 9783659130274
Editeur : LAP LAMBERT Academic Publishing, 2012

Synopsis

The purpose of this thesis is to examine if and how the hedge fund manager’s background characteristics and strategy applied affect the fund’s performance, as measured by average monthly return, risk and risk-adjusted monthly return. This is done by collecting data on 41 different hedge fund managers in Sweden and then performing robust OLS regressions. Our main results are that applying a long-short equity strategy generates higher return, higher risk, and higher risk-adjusted return compared to the other strategies. Hedge fund managers with previous studies in business and economics generate lower return, take on less risk and generate lower risk-adjusted return. We find modest evidence of lower risk taking among former students of Lund University. Investing private funds in the hedge fund are found to have a negative impact on risk-adjusted return.

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Présentation de l'éditeur

The purpose of this thesis is to examine if and how the hedge fund manager’s background characteristics and strategy applied affect the fund’s performance, as measured by average monthly return, risk and risk-adjusted monthly return. This is done by collecting data on 41 different hedge fund managers in Sweden and then performing robust OLS regressions. Our main results are that applying a long-short equity strategy generates higher return, higher risk, and higher risk-adjusted return compared to the other strategies. Hedge fund managers with previous studies in business and economics generate lower return, take on less risk and generate lower risk-adjusted return. We find modest evidence of lower risk taking among former students of Lund University. Investing private funds in the hedge fund are found to have a negative impact on risk-adjusted return.

Biographie de l'auteur

Marie Lundberg holds a MSc in Finance from Stockholm School of Economics and is currently the CFO in a Swedish startup called Buildor.se.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
LAP LAMBERT Academic Publishing
Date d'édition
2012
Langue
anglais
ISBN 10 
3659130273
ISBN 13 
9783659130274
Reliure
Broché
Nombre de pages
64
Coordonnées du fabricant
non disponible
Personne responsable
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