Thursday, February 10, 2011
Can Factor Timing Explain Hedge Fund Alpha?
By Hyuna Park, Assistant Professor of Finance at the College of Business, Minnesota State University
Hedge funds are in a better position than mutual funds in timing systematic risk factors because they are less regulated and thus have more freedom to use leverage and short sales. In her paper, Park examines whether factor timing is a source of hedge fund alpha.
Download the full article here.
From the February 2011 issue of Barclay's Insider Report. Accredited investors can subscribe to the full newsletter for free.
Hedge funds are in a better position than mutual funds in timing systematic risk factors because they are less regulated and thus have more freedom to use leverage and short sales. In her paper, Park examines whether factor timing is a source of hedge fund alpha.
Download the full article here.
From the February 2011 issue of Barclay's Insider Report. Accredited investors can subscribe to the full newsletter for free.
Labels: Barclay Insider Report, Barclay Insider Report Guest Article, hedge fund performance, hedge fund research
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