Tuesday, February 11, 2014
Equity Hedge Fund Performance, Cross-Sectional Return Dispersion, and Active Share
By David M. Smith, Department of Finance and Center for Institutional Investment Management, University at Albany
The author examines the performance of actively managed equity-oriented hedge funds, conditional on the cross-sectional stock market return dispersion environment. As a result, if equity hedge-fund portfolio managers and investors are aware of the dispersion environment in which they are operating, they may be able to adapt their tactics and time their active vs. passive approaches.
Download the full article here.
From the February 2014 issue of Barclay's Insider Report. Accredited investors can subscribe to the full newsletter for free.
The author examines the performance of actively managed equity-oriented hedge funds, conditional on the cross-sectional stock market return dispersion environment. As a result, if equity hedge-fund portfolio managers and investors are aware of the dispersion environment in which they are operating, they may be able to adapt their tactics and time their active vs. passive approaches.
Download the full article here.
From the February 2014 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, Equity risk, hedge funds, stock market
Copyright © 2010 by Barclay Hedge
Subscribe to Posts [Atom]