Thursday, December 15, 2011
Investor Behavior, Hedge Fund Returns and Strategies
By Andres Bello, University of Texas-Pan American, Gökçe Soydemir, California State University Stanislaus, and Jan Smolarski, University of Texas-Pan American
Their paper finds that irrational sentiments play a role in hedge fund returns. The authors also find that investors can make use of "irrational beta" to avoid funds that display greater irrational behavior. (Note: study is a working paper.)
Download the full article here. From the December 2011 issue of Barclay's Insider Report. Accredited investors can subscribe to the full newsletter for free.
Their paper finds that irrational sentiments play a role in hedge fund returns. The authors also find that investors can make use of "irrational beta" to avoid funds that display greater irrational behavior. (Note: study is a working paper.)
Download the full article here. From the December 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 risk
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